Rule 201. Adjudication and distribution

(a) Not more than five days after the date of final hearing, if there shall have been no objection to the final account, or within five days after decision upon, or settlement of all objections to the said account, the executor or administrator shall file a petition for distribution. At the same time, cash or a check payable to the Government of the Virgin Islands in the amount of the inheritance tax payable upon the estate shall be deposited with the clerk of the court. At the same time, all unpaid costs, including the fee for filing a final adjudication, shall be paid to the clerk. There shall also be presented with the petition for distribution for the signature of the judge a final adjudication in duplicate.

(b) Distribution shall be made immediately after the entry of the final adjudication. Within five days after the entry of the adjudication, the executor or administrator shall file signed receipts for the distribution of the entire estate. Receipts shall be filed for all property, whether cash, other personal property, or real property. Receipts shall be in form substantially as follows:

, the undersigned, hereby acknowledge to have received from , , of the estate of , deceased, the portion of the estate due , consisting of ___________________

___________________ 

as shown by the final account filed by the said on , 19 , and the final adjudication thereof by the Territorial Court, and do hereby relieve, exonerate, and discharge the said , from every action, claim or demand which might or could be prosecuted against for or on account thereof. likewise release the surety or sureties on the bond filed in said estate from all liability in connection therewith.

In testimony whereof have hereunto subscribed name and affixed Seal this day of , 19 .

___________________

___________________

If any person entitled to distribution is outside the jurisdiction, any money to which he is entitled shall be transmitted by post office money order and money order receipt issued by the post office, together with the executor's or administrator's affidavit that he has mailed the same to the distributee, shall be acceptable as a receipt for distribution. If the distributee, outside the jurisdiction, is entitled to property other than money, the administrator shall, during the course of administration, and before final adjudication, obtain from the distributee a designation of a local agent to receive such property on his or her behalf. Such a designation, together with the agent's receipt, shall be acceptable as a receipt for distribution.

(c) Wherever the assets in an adjudication include real property, it shall be the duty of the administrator or executor to record the same forthwith, and proof thereof shall be filed with the clerk of the court.--Added Dec. 17, 1976.

Allowance or disallowance of final account of executor or administrator, see 15 V.I.C. ' 566.