Duties of an Estate’s Personal Representative and When the Duties Start

May 11, 2015 by Heller Group
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Your estate requires a Personal Representative, or simply PR, to do some or all of the following as part of the probate process:

*Locate your will
*Retain an attorney
*Order death certificates
*Gather information relative to your assets and liabilities
*Open an estate bank account
*Gather and protect all of your assets
*File tax forms*
*Keep detailed records of expenses*
*File an accounting with the court*
…..and the list goes on.

When meeting with the attorney that drafts your estate planning documents, you will be asked for names of people to serve in various roles. One of these roles will be your Personal Representative.

The PR’s job will start right after death. Tell your PR where your trust papers or will are located so there won’t be delays getting the paperwork filed. Make sure your PR has the proper documentation to be able to open any safe deposit boxes you may have. The lack of this documentation could delay settlement of your estate while waiting for the courts to approve your PR access to the safe deposit box.

A common error parents may make when doing their estate planning is not making this hard choice as to who they want to serve as their PR.

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