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.
The executor is also called the personal representative of the estate. Heir: a person who inherits when there is no Will. Holographic Will: a Will that is handwritten, dated and signed by the person writing the Will. Intestate: when someone dies without leaving a Will.Intestate succession: the order of who inherits property when someonedies without a Will.Living Trust: a trust set up during the life of a person to distribute money or property to another person or organization.he executor is also called the personal representative of the estate. Heir: a person who inherits when there is no Will. Holographic Will: a Will that is handwritten, dated and signed by the person writing the Will. Intestate: when someone dies without leaving a Will.