Minnesota Statutes 291.16 – Power of Sale
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Every executor, administrator, or trustee shall have full power to sell the property embraced in any inheritance, devise, bequest, or legacy to pay the tax imposed by this chapter, in the same manner as entitled by law to do for the payment of the debts of a testator or intestate.
Terms Used In Minnesota Statutes 291.16
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Executor: A male person named in a will to carry out the decedent
- Intestate: Dying without leaving a will.
- Legacy: A gift of property made by will.
- Tax: means any fee, charge, exaction, or assessment imposed by a governmental entity on an individual, person, entity, transaction, good, service, or other thing. See Minnesota Statutes 645.44
- Testator: A male person who leaves a will at death.
- Trustee: A person or institution holding and administering property in trust.