H.B. 993

VETOES

5-703.

A REGISTER OF WILLS OR A COURT MAY NOT EXTEND THE TIME PERIODS
ESTABLISHED UNDER THIS SUBTITLE.

5-704.

AFTER FILING AN ELECTION FOR MODIFIED ADMINISTRATION, THE PERSONAL
REPRESENTATIVE SHALL:

(1)      FILE A VERIFIED FINAL REPORT UNDER MODIFIED
ADMINISTRATION NO LATER THAN 10 MONTHS FROM THE DATE OF APPOINTMENT
INSTEAD OF FILING A FORMAL INVENTORY AND ACCOUNT; AND

(2)      ON THE REQUEST OF ANY INTERESTED PERSON, PROVIDE A
FORMAL INVENTORY AND ACCOUNT, AS REQUIRED UNDER TITLE 7 OF THIS
ARTICLE, TO ALL INTERESTED PERSONS.

5-705.

AN ELECTION FOR MODIFIED ADMINISTRATION SHALL INCLUDE:

(1)      A STATEMENT THAT THE ESTATE QUALIFIES FOR MODIFIED
ADMINISTRATION;

(2)      A BRIEF DESCRIPTION OF THE PROPERTY SUBJECT TO
ADMINISTRATION; AND

(3)      AN ACKNOWLEDGMENT THAT:

(I) A VERIFIED FINAL REPORT UNDER MODIFIED
ADMINISTRATION SHALL BE FILED NO LATER THAN 10 MONTHS FROM THE DATE OF
APPOINTMENT; AND

(II) DISTRIBUTION OF THE ESTATE SHALL OCCUR NO LATER THAN
12 MONTHS FROM THE DATE OF APPOINTMENT.

5-706.

THE CONSENT REQUIRED UNDER § 5-702(5) OF THIS SUBTITLE SHALL STATE
THAT THE SUBSCRIBING PERSON HAS NOTICE THAT:

(1)      INSTEAD OF FILING A FORMAL INVENTORY AND ACCOUNT, THE
PERSONAL REPRESENTATIVE SHALL FILE A VERIFIED FINAL REPORT UNDER
MODIFIED ADMINISTRATION NO LATER THAN 10 MONTHS FROM THE DATE OF
APPOINTMENT;

(2)      ON REQUEST BY ANY LEGATEE OR HEIR NOT PAID IN FULL, A
FORMAL INVENTORY AND ACCOUNT SHALL BE PROVIDED BY THE PERSONAL
REPRESENTATIVE TO THE LEGATEES OR HEIRS;

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