What are the main duties of a personal representative?
The main tasks of a Personal Representative are to: • Determine if there are any probate assets; • Identify, gather, and inventory the assets of the deceased; • Receive payments due the estate, including interest, dividends, and other income (e.g., unpaid salary, vacation pay, and other company benefits); • Set up a checking account for the estate; • Figure out who is going to get what and how much under the Will (if there is no Will, the state s “interstate succession laws” apply); • Value or appraise the estate s assets; • Give legal notice to potential creditors (the procedure and deadlines for creditors to file claims vary from state-to-state); • Investigate the validity of all claims against the estate; • Pay funeral bills, outstanding debts, and valid claims; • Pay the expenses of administrating the estate; • Handle various paperwork, such as discontinuing utilities and charge cards, and notifying Social Security, Civil Service, and Veterans Administration of the death; • File an
The main tasks of a Personal Representative are to: (1) determine if there are any probate assets; (2) identify, gather, and inventory the assets of the deceased; (3) receive payments due the estate, including interest, dividends, and other income (e.g., unpaid salary, vacation pay, and other company benefits); (4) set up a checking account for the estate; (5) figure out who is going to get what and how much under the Will (if there is no Will, the state’s “interstate succession laws” apply); (6) value or appraise the estate’s assets; (7) give legal notice to potential creditors (the procedure and deadlines for creditors to file claims vary from state-to-state); (8) investigate the validity of all claims against the estate; (9) pay funeral bills, outstanding debts, and valid claims; (10) pay the expenses of administrating the estate; (11) handle various paperwork, such as discontinuing utilities and charge cards, and notifying Social Security, Civil Service, and Veterans Administration
The main tasks of a Personal Representative are to: (1) determine if there are any probate assets; (2) identify, gather, and inventory the assets of the deceased; (3) receive payments due the estate, including interest, dividends, and other income (e.g., unpaid salary, vacation pay, and other company benefits); (4) set up a checking account for the estate; (5) figure out who is going to get what and how much under the Will (if there is no Will, the states “interstate succession laws” apply); (6) value or appraise the estates assets; (7) give legal notice to potential creditors (the procedure and deadlines for creditors to file claims vary from state-to-state); (8) investigate the validity of all claims against the estate; (9) pay funeral bills, outstanding debts, and valid claims; (10) pay the expenses of administrating the estate; (11) handle various paperwork, such as discontinuing utilities and charge cards, and notifying Social Security, Civil Service, and Veterans Administration o
http://law.freeadvice.com/estate_planning/probate/personal_representative_duties.htm Personal Representative of trust fails to perform http://law.freeadvice.com/estate_planning/probate/representative_fails_perform_duty.htm FLORIDA PROBATE LAW Florida Legislature Constitution and Statutes Title XLII ESTATES AND TRUSTS Ch.731-738 http://www.flsenate.gov/Statutes/index.cfm?App_mode=Display_Index&Title_Request=XLII#TitleXLII Chapter 733 Part VI Duties and Powers of Personal Representative http://www.flsenate.gov/Statutes/index.cfm?App_mode=Display_Statute&URL=Ch0733/part06.htm&StatuteYear=2002&Title=%2D%3E2002%2D%3EChapter%20733%2D%3EPart%20VI WILLS, TRUSTS, AND ESTATE ADMINISTRATION FOR THE PARALEGAL Fifth Edition http://www.delmarlearning.com/companions/content/0766820513/add/hower-fl.pdf “PERSONAL REPRESENTATIVES: TYPES, PRE-PROBATE DUTIES, AND APPOINTMENT TYPES OF PERSONAL REPRESENTATIVES (HOWER 360) In Florida, the individual who administers the estate is called the personal represent
