Devastavit
May 14, 2019
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14/5/19 Devastavit
Devastavit is the Latin for “he (or she) has wasted.”
It refers to a personal representative’s failure to administer a decedent’s estate promptly and properly. In other words mismanagement of the estate. It can be by spending extravagantly or misapplying assets. A personal representative who commits waste in this way becomes personally liable to those having claims on the assets, such as creditors and beneficiaries.
