Court approval is not required for the conservator or estate administrator to: A. sell real property. B. make gifts of estate property. C. exercise the right to rescind revocable trust. D. make payment of conservatee’s debts. E. enter into contracts.
Question
Court approval is not required for the conservator or estate administrator to: A. sell real property. B. make gifts of estate property. C. exercise the right to rescind revocable trust. D. make payment of conservatee’s debts. E. enter into contracts.
Solution
The answer to your question depends on the jurisdiction, as laws can vary. However, generally speaking:
A. Sell real property - Court approval is usually required for the sale of real property by a conservator or estate administrator. This is to ensure that the sale is in the best interest of the conservatee or estate.
B. Make gifts of estate property - Again, court approval is typically required for this action. The court needs to ensure that any gifts are appropriate and not detrimental to the estate or conservatee.
C. Exercise the right to rescicnd revocable trust - This may not require court approval, but it would depend on the terms of the trust itself.
D. Make payment of conservatee’s debts - This usually does not require court approval. Paying off the conservatee's debts is part of the conservator's duties.
E. Enter into contracts - This may or may not require court approval, depending on the nature of the contract and its impact on the conservatee or estate.
Please consult with a legal professional in your jurisdiction to get the most accurate information.
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