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WHO HANDLES THE DISTRIBUTION OF THE PROPERTY?

April 26, 2017distribution handles Property

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WHO HANDLES THE DISTRIBUTION OF THE PROPERTY?

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The person who administers the estate is called the “personal representative” (“PR” for short and formerly know as the “executor”). He or she has the responsibility to prepare the petition for probate to the court, an inventory of assets, an accounting and proposed distribution of the proceeds of the estate. The PR has a legal duty to fairly and equitably distribute the assets of the estate.