Week 8 Assignment Answer

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Week 8 Assignment

Q1 Who is prohibited from being a personal representative?

Q2 What is the difference between the following: 

Executor vs Executrix

General administrator v Special administrator

Administratrix cum testamento annexo v. Administrator de bonis non

Public administrator v. Ancillary administrator

 

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Week 8 Assignment Answer

A personal representative has to be qualified and competent. Those with questionable ability to make sound decisions are prohibited to become a personal representative. Considering this fact, minors, convicted felons, and mentally incompetent people would not be appointed because their competencies are questionable. Despite being competent, judges are also not permitted to become personal representatives. Citizenship is not an issue when selecting a personal representative; however, it is one of the factors being considered when appointing one. 

This question is taken from Accounting 175 – Estate Gift and Trust Taxation » Spring 2021 » Lectures