Section 5-705 - Form of Election

An election for modified administration shall include: (1) A statement that the estate qualifies for modified administration; (2) A brief description of the property subject to administration; and (3) An acknowledgment that: (i) A verified final report under modified administration shall be filed no later than 10 months from the date of appointment; and (ii) Distribution of the estate shall occur no later than 12 months from the date of appointment.