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.
Widows, or surviving spouses, have certain rights concerning the management of a deceased spouse's estate. A widow may be the first choice as personal representative, unless her deceased spouse named someone else as executor in his will.Because probate courts place importance on honoring a testator's last wishes, a named executor in a will has priority over a surviving spouse.lthough other family members may petition a probate court for appointment as personal representative, the surviving spouse has priority. In other words, if the surviving spouse wishes to take on the role of estate administrator, all other family members' petitions take a back seat.