As a result, the market for smaller homes, of 1,400 square-feet and less, has shrunk to just 4% of homes built. That compares with 9% in 2005. Meanwhile, extremely large houses -- 4,000 square feet and up -- have been making up a much larger slice of the new homes built.
A personal representative of an estate is an executor, administrator, or anyone who is in charge of the decedent's property. Generally, an executor (or executrix) is named in a decedent's will to administer the estate and distribute properties as the decedent has directed.n 2014, the decedent's estate realized $3,000 of business income during the administration of the estate. The personal representative distributed $1,000 of the income to the decedent's son, Ned, and $2,000 to another son, Bill. The allowable depreciation on the business property is $300.
A personal representative, put simply, is someone in charge of settling your affairs when you pass away. This person can be named in your will. Alternatively, if no person is named or there is no will, the courts will appoint someone to serve as your personal representative. A trustee is the individual who manages a trust.