A Connecticut probate court has ordered the executor of an estate to sell the decedent's home in New Haven to satisfy estate debts. The executor conveys the property to the buyer using a deed authorized by the probate court. This type of deed is most commonly referred to as:
Correct Answer
A) An administrator's deed or executor's deed
When a personal representative of an estate — either an executor (named in a will) or an administrator (appointed by the court when there is no will) — conveys real property pursuant to probate court authorization, the deed used is called an executor's deed or administrator's deed, depending on the representative's title. In Connecticut, such deeds are issued under the authority of the probate court and typically contain limited or no warranties, as the personal representative is conveying property in a fiduciary capacity rather than as an owner.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Community property is a form of ownership recognized in certain states where property acquired during marriage is considered equally owned by both spouses, regardless of who earned the money or whose name is on the title.
Condominium ownership involves owning a unit of airspace within a multi-unit building plus an undivided interest in the common elements shared with other unit owners. Each unit is separately taxed and financed.
In a cooperative (co-op), the building is owned by a corporation, and residents purchase shares of stock in the corporation that entitle them to a proprietary lease on a specific unit. Residents are shareholders, not property owners.
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