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(a) Duty to Close Estates. When a personal representative has completed administration of the estate, the personal representative either shall petition to close the estate by formal closing under AS 13.16.620 or AS 13.16.625 or file a sworn statement under AS 13.16.630 or AS 13.16.695. Notice must be given as provided by these statutes.
(b) Formal Closing.
1. The final accounting, if required, must include an accounting of all cash and property transactions since the date of the last accounting or, if none, from the commencement of administration.
2. The petition for order of settlement of the estate must state:
A. that the personal representative has fully administered the estate;
B. that all claims which were presented have been paid, settled, or otherwise disposed of;
C. that the personal representative has paid or made provisions for taxes and expenses of administration;
D. the amount of compensation paid or to be paid to the personal representative, attorneys, accountants, appraisers, or other agents employed by the personal representative; and
E. the date of the hearing on formal closing, and that any objections must be presented to the court at or before the hearing.
3. The petition shall contain a plan or statement of distribution which shall include:
A. a statement of all prior distributions;
B. the property remaining in the hands of the personal representative for distribution; and
C. a schedule describing the proposed distribution of any remaining assets.
(c) Administrative Closing. If no action is taken in an estate for more than one year, the clerk may send a notice that the file will be closed in 30 days if no objection is received. The order must be served on the personal representative's attorney of record and mailed to the last known address of the personal representative. Administrative closure does not discharge the personal representative or terminate the personal representative's powers and duties.
(SCO 1014 effective January 15, 1990; amended by SCO 1117 effective July 15, 1993)
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Copyright 1995-1999 by Touch N' Go Systems, Inc. All rights reserved. No copyright claim is made to the text of the rules.
Last Modified 7/14/1999
