Once serving as the Personal Representative, it will be necessary to take an inventory of all assets owned by the decedent at the time of his or her death. These items have to be recorded on the state approved form 350 PC (located here). Before attempting the paperwork, it’s essentially that the Personal Representative follow [...]
This post discuss a vital duty of Personal Representatives – the duty to inform the heirs and devisees.
Part II of this discussion on who serves as P.R. if you don’t have a will discusses the issues of divorce, minor children and common law marriage.
For an estate to be opened, there must be someone named as the Personal Representative (formerly called an Executor or Administrator). This person is responsible to the court, creditors of the estate and the heirs to ensure that the estate is properly managed and distributed. Luckily, there are many estates where the court does not [...]
Choosing a Personal Representative is an essential part of writing your will. Read these tips before deciding who to choose.