A “personal representative” is better known as the Executor or Administrator of the Will: the person who oversees the distribution of assets as it is written in the Will, guiding it through Probate. The following are the most common functions of the Exector:
- Keep safe a copy of the Will;
- Obtain certified copies of the death certificate;
- Find the beneficiaries named in the Will and others who must be notified about the Will (children of the decedent not named, etc.);
- Determine all probate assets;
- File a petition with the probate court (if required for that state);
- Identify all assets of the deceased;
- Value or appraise the estate’s assets;- Give legal notice to all potential creditors;
- Receive all payments due to the estate;
- Investigate claims against the estate;
- Pay the expenses of administrating the estate;- Pay funeral bills and other outstanding debts and claims;
- Handle standard paperwork for the deceased in regards to government agencies;
- File and pay all income and estate taxes;
- Distribute the remaining property in accordance with the instructions provided in the Will;
- Close the probate case.
See Standard Legal’s Last Will and Testament Legal Forms Software for complete forms, overviews and instructions.