Marvin Mandel, Governor                        1725

the court extends the time for good cause shown, proceed to pay the
claims allowed against the estate in the order of priority prescribed
in Section 8-105. Any person with a valid unbarred claim or with
a valid unbarred judgment who has not been paid as provided
herein may petition the court for an order directing the personal rep-
resentative to pay the claim to the extent that funds of the estate
are available for such payment.

8-112.

(a) The creditor and personal representative may determine, by
agreement, arbitration or compromise, the value thereof, according
to its probable present worth, and [where the personal represent-
ative does not have extended powers], upon approval by the court,
it may be allowed and paid in the same manner as an absolute
claim.

9-101.

A person may renounce testate or intestate succession or both,
wholly or partially, if he has not accepted possession as legatee or
heir, by delivering to the personal representative a written renuncia-
tion. [Property renounced by a legatee shall pass pursuant to Section
4-404; and property renounced by an heir shall pass as if such person
had predeceased the decedent.] Unless the decedent or donee of a
power of appointment has otherwise provided, the property or part
thereof or interest therein renounced and any future interest which
is to take effect in possession or enjoyment at or after the termination
of the interest renounced, shall be distributed as if the person so
renouncing had died intestate immediately before the decedent, or,
if the person so renouncing was designated to take pursuant to a
power of appointment exercised by a testamentary instrument, then
as if the person so renouncing had died immediately before the
donee of the power. In every case the renunciation shall relate back
for all purposes to the date of death of the decedent or donee, as the
case may be. Creditors of the renouncing legatee or heir have no
interest in the property renounced, whether their claims are based
on contract, tort, tax obligations or otherwise.

9-105.

When distribution in kind is made, the personal representative
shall execute and deliver an instrument or deed of distribution
assigning, transferring or releasing the assets to the distributee as
evidence of the distributee's title to the property. Any costs or
excise taxes payable as a condition of the recordation of any deed
shall be paid by the estate. NO STATE OR LOCAL EXCISE TAX
OF ANY KIND SHALL BE IMPOSED UPON THE TRANSFER
OF PROPERTY OR THE RECORDATION OF ANY INSTRU-
MENT EXECUTED BY A PERSONAL REPRESENTATIVE TO
WHOM NO CONSIDERATION WAS PAID THEREFOR. In addi-
tion to any other indexing, any such deed recorded among the land
records shall be indexed in the grantor index under the decedent's
name.

9-109.

(a) Money.—Whenever money is distributable by a personal
representative to a minor and there is no legally appointed and