Soft Bound Version for Advanced Accounting 13th Edition
Soft Bound Version for Advanced Accounting 13th Edition
13th Edition
ISBN: 9781260110579
Author: Hoyle
Publisher: McGraw Hill Education
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Chapter 19, Problem 1Q
To determine

Determine the difference between testate and intestate.

Expert Solution & Answer
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Explanation of Solution

Testate:

Testate is a situation where a person passed away with a valid will for the settlement and distribution of his/her estate and named the personal representative for conducting those activities.

Intestate:

When a decedent dies without any valid will then this situation is called intestacy. In this case state takes the control of decedent’s estate and settlement and distribution are made according to the intestacy laws and the court appoints a person to act as an administrator.

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Soft Bound Version for Advanced Accounting 13th Edition

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