Application for grant-executorship laws and acccounts, Financial Accounting

Assignment Help:

APPLICATION FOR GRANT

1) An application for a grant of representation ("representation" means the probate of a will or the grant of letters of administration) is made in such a form as is prescribed, signed by the applicant and witnessed in the prescribed manner.  Probate is the certificate of a court of competent jurisdiction that a will, of which a certified copy is attached in the case of a written will, has been proved a valid will with a grant of representation to the executor in respect of the estate.

2) No permission of any information from an application shall affect the power of the court to entertain the application.

3) Any person who makes an application and willfully or recklessly makes a statement in it which is false is guilty of an offence punishable by a fine of Shs.10,000 or to up to a year, or both.

4) No grant of letters of administration, with or without the will annexed, shall be made to a body corporate other than the public trustee or a trust corporation.

5) No grant of representation shall be made to a syndicate or nominee on behalf or a body corporate.

6) A person who has been appointed by a will, as an executor thereof, may either by oral declaration before the court or by writing under his hand denounce executorship and shall there after be precluded from applying for grant of probate of that will.

7) Where several executors are appointed, probate may be granted to them all simultaneously or at different times.

8) When a deceased has died intestate, the court has a final discretion as to the person or persons to whom a grant of letters of administration is made, in the best interest of all concerned.


Related Discussions:- Application for grant-executorship laws and acccounts

To observe terms of trust-trusts laws and accounts, To observe terms of tru...

To observe terms of trust   Trustees must comply with the trust instrument and the rules of equity; they need not consult the beneficiaries or take instructions from them; but the

Cost estimation, 1a. Explain why it is the case that the value of intermedi...

1a. Explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of GDP, but the value of intermediate goods p

How accounting objectives can be achieved, How Accounting objectives can be...

How Accounting objectives can be achieved There are two main ways by which this can be achieved: All the accounting records are maintained at the head office; or Each

Prepare journal entries to record the borrowing, On December 1, 2013, Colon...

On December 1, 2013, Colonel Wilder borrowed $400,000 at 12% interest and pledged $500,000 in accounts receivable as collateral. Additionally, Colonel Wilder was charged a finance

Public oversight board, Public Oversight Board (POB) - POB is an independen...

Public Oversight Board (POB) - POB is an independent oversight board, composed of public members that monitors and evaluates peer reviews conducted by SEC Practice Section (SECPS)

Show the audit documentation, Q. Show the Audit Documentation? Audit Do...

Q. Show the Audit Documentation? Audit Documentation -Written record of the basis for AUDITOR's conclusions which provides the support for auditor's representations, whether th

Determine the optimal liquidation quantity, The bid-offer spread as a funct...

The bid-offer spread as a function of daily trading volume is given by :p(q) = a + b*exp(cq) where q = daily trading volume a = 0.08 b= 0.10 c = 0.05 A trader wants to unwind

Derivation of formulas of capital recovery factor, Derivation of Formulas ...

Derivation of Formulas i) Future Value of an Annuity Future value of an annuity is FVA n = A(1 + k) n -1 + A (1 + k) n - 2   + .......A (1 + k) + A     ............

Current market cost of debt, The cost of debt must be based upon the curren...

The cost of debt must be based upon the current market cost of debt. Where different kinds of debt are used estimates of more than one debt cost may be necessary and these costs we

Financial Management, QUESTION 4: Spanking Clean (Ltd) operate a number of...

QUESTION 4: Spanking Clean (Ltd) operate a number of car washes and auto valet services. The company has experienced a reasonable trading year. They are deciding whether to pay ou

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd