Petition for Representation of a Probate Estate's Insolvency and Request
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Description
An insolvent estate is one whose assets are insufficient to pay its debts, taxes, and administrative expenses. As a consequence of its insolvency, its heirs or beneficiaries will receive nothing (exception: unless Decedent's surviving spouse or children are awarded a family allowance, which takes priority over creditors).
The following form is a complaint that adopts the ýnotice pleadingsý format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another.
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