Business Hints for Men and Women by Alfred Rochefort Calhoun
page 30 of 204 (14%)
page 30 of 204 (14%)
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Whatever property is left, after paying these obligatory sums, is divided among the rightful heirs under the direction of the court, and in the manner provided by law. The administrator must advertise, in one or more county papers the fact that he has been appointed to settle the estate of the deceased, whose name is given, and he must ask that all claims be presented within a given period, usually fixed at six months. When the estate is settled to the satisfaction of the court, the same authority releases the administrator and his bondsmen. All the fees connected with the settlement are regarded as debts and must be paid from the proceeds of the estate before closing. THE FINAL SETTLEMENT When the debts are paid and the residue divided among the heirs, the administrator files his account. If it is allowed the case ends. The parties of interest in an estate may agree to settle it out of court. This saves expense, but it is not the safest way. CHAPTER V |
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