District of Columbia Renunciation of Legacy

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Multi-State
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US-0672BG
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Description

The term legacy has different meanings, but in a legal sense, it is used to refer to a bequest in a will. Technically, legacy does not include real property (which is a devise), so legacy usually refers to a gift of personal property or money to a beneficiary (legatee) of a will. The laws of the individual states govern the matter of wills and estates, and lay down the rules for any waiver of inheritance.

How to fill out Renunciation Of Legacy?

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FAQ

20-906, tangible personalty or other personalty not exceeding the value of $10,000 is allowed to the surviving spouse/domestic partner and if none, to the decedent's surviving children jointly as exempt property.

20-734, the personal representative has a duty to provide an account to the interested persons at reasonable intervals or on reasonable demand, and the personal representative may be compelled to account to the Court in a proceeding initiated by an interested person following notice and a hearing.

The appointment of the personal representative remains active for three years from date of appointment unless extended. However, it is possible to terminate the appointment sooner by filing a request to the court. The administration process may not be active for three years. Many estates are active for about one year.

Pursuant to the provisions of D.C. Code, sec. 20-704(b), the Personal Representative of a decedent's estate is required to send this statement of general information to each heir, legatee, and known creditor.

Court order. A personal representative may at any time petition the Court for permission to act in any matter relating to the administration of the estate.

(g) ?Legatee? means the surviving spouse of the decedent or a person who, under the terms of a will, would receive a legacy.

All persons having claims against the decedent shall present their claims to the undersigned or file their claims with the Register of Wills on or before 6 months from the date of the first publication of this notice. Any claim not so filed on or before such date shall be unenforceable thereafter.

§ 20?1102. (c) The residuary estate shall be distributed in kind when there is no objection to the proposed distribution and it is practicable to distribute undivided interests. In other cases, residuary property may be converted into cash for distribution.

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District of Columbia Renunciation of Legacy