What does a Personal Representative do?
Serving as personal representative is a very important job. You will be required to take an oath that you will uphold the law and you may be required to post a bond to protect the assets in the estate. You must keep all interested parties informed of the status of the estate proceedings and complete the estate in a timely fashion. Statutory time frames are outlined in the Checklist on pages 11 and 33. For all practical purposes, a personal representative is acting in place of the decedent. You are expected to handle the assets of the decedent just as any prudent person would handle their own assets. Your duties will include taking possession of all the decedent’s assets and filing an inventory including the date of death values of all assets you have in your control. You will be starting a checking account where you can keep accurate records of income and expenses. You will give notice to creditors and may give notice to interested persons by publication in the newspaper. Notice must a
Serving as personal representative is a very important job. You will be required to take an oath that you will uphold the law and you may be required to post a bond to protect the assets in the estate. You must keep all interested parties informed of the status of the estate proceedings and complete the estate in a timely fashion. Statutory time frames are outlined in the Checklist on pages 11 and 33. For all practical purposes, a personal representative is acting in place of the decedent. You are expected to handle the assets of the decedent just as any prudent person would handle their own assets. Your duties will include taking possession of all the decedent’s assets and filing an inventory including the date of death values of all assets you have in your control. You will be starting a checking account where you can keep accurate records of income and expenses. You will give notice to creditors and may give notice to interested persons by publication in the newspaper. Notice must a
Serving as personal representative is a very important job. You will be required to take an oath that you will uphold the law and you may be required to post a bond to protect the assets in the estate. You must keep all interested parties informed of the status of the estate proceedings and complete the estate in a timely fashion. For all practical purposes, a personal representative is acting in place of the decedent. You are expected to handle the assets of the decedent just as any prudent person would handle their own assets. Your duties will include taking possession of all the decedent’s assets and filing an inventory including the date of death values of all assets you have in your control. You will be starting a checking account where you can keep accurate records of income and expenses. You will give notice to creditors and may give notice to interested persons by publication in the newspaper. Notice must also be given to interested persons by mail or personal service if Waiver
Serving as personal representative is a very important job. You will be required to take an oath that you will uphold the law and you may be required to post a bond to protect the assets in the estate. You must keep all interested parties informed of the status of the estate proceedings and complete the estate in a timely fashion. For all practical purposes, a personal representative is acting in place of the decedent. You are expected to handle the assets of the decedent just as any prudent person would handle their own assets. Your duties will include taking possession of all the decedent’s assets and filing an inventory including the date of death values of all assets you have in your control. You will be starting a checking account where you can keep accurate records of income and expenses. You will give notice to creditors and may give notice to interested persons by publication in the newspaper. Notice must also be given to interested persons by mail or personal service if Waiver
Your personal representative is responsible for collecting and protecting your assets, identifying and paying lawful debts, and distributing the net estate to the parties and in the manner designated by you. The personal representative selects the attorney, certified public accountant and other professionals which may be required. To accomplish this the personal representative will review your financial records and inventory your assets. The personal representative will sign documents required for probate and tax returns. The personal representative is entitled to compensation for these services. A personal representative’s legal authority to act begins only after the court has issued Letters of Administration in the probate proceeding.
Related Questions
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- What is a "booster" (that is: a representative of Sweet Briar Colleges athletic interests)?
- Is the Personal Representative entitled to a fee and/or reimbursement of expenses?
