Question

6 Question 29 of 75. Frank Palmer died festate. In his will he named his son, Frank, Jr., as executor of his estate. After his son declined to serve, his friend, Mr. Owens, agreed to serve as executor, and was so appointed by the court. All of Mr. Palmer's property has been distributed to his wife, Myra Palmer. Who is tve personal representative for purposes of filing Form 7067 O Frank, Jr O Mr. Owens

Answer 1

Part 29

Answer is option B

B. Mr. Owens

Frank Jr. has changed his mind and decided not to serve and as Mr. Owens is permitted by the court to serve as executor he is responsible for filing Form 706.

Part 33

Answer is option D

D. all of the above

The holding of large block of shares in a public company by a party makes the real value of shares lower than the market value