Petition for Instructions—Approval of Estate Assets Being Purchased by Administrator; Petition for Approval of First and Final Account (On Waivers of Accounting) and Report for Final Distribution and for Allowance of Extra-ordinary and Statutory Fees PREGRANT ORDER
Counsel to appear and shall be prepared to address the following: 1. The Inventory and Appraisal omits the Hawaiian timeshare. To the extent this asset is personal property (as opposed to real property), this asset must be inventoried and appraised in this proceeding like all other assets. Counsel shall advise whether this timeshare is personal property or real property.
2. Jovita Downing, Josefa Villanueva, and Jimmy Villanueva have all signed disclaimers concerning the timeshare in Hawaii. The effect of a disclaimer is that the disclaiming person is treated as having predeceased the decedent, resulting in the disclaimed interest passing to the disclaiming person’s heirs (typically the disclaiming person’s issue). The petit