The personal representative speaks for the estate and acts on its behalf. A beneficiary is someone that is expected to receive a bequest from the estate. They can be the same person.
A personal reperesentitive only represents you where as the public one represents the whole community
A tertiary beneficiary is only entitled to proceeds if the primary and secondary beneficiaries are no longer living.
An executor is the person appointed by the court to carry out the provisions in a Last Will and Testament.A personal representative has two meanings: a person who manages the financial affairs of another person or the person appointed by the court to settle an estate. The court-appointed personal representative is an executor if there is a will or an administrator if there is no will.
I believe the answer is in the names
recepient of funds or other benefits is called beneficiary. but a person who holds asset to be a beneficiary is called fudiciary. 1 fudiciary--------->beneficiary | | |0 | -------->loss
what is the difference between a 'traditional' and a 'personal' CV
In common law jurisdictions a personal representative is a generic term for the executor or administrator of an estate. A personal representative can also be a person chosen to manage the day-to-day affairs for some other individual under the authority of a Power of Attorney . A trustee is the person appointed by a trust document to manage the property held by the trust.
beacuse legislative is different than representative
It is located on your NOA2 it is knows as the A Number as it starts with an A.It is located on the line that Beneficiary and has the Beneficiary name.
There is no fundamental difference between a person designated as a "health and safety representative" and one designated a "representative of employees safety" - unless a specific employer or organization assigns differing responsibilities to the two.
A primary beneficiary is the first person or entity who will receive the life insurance proceeds upon the policyholder's death. A contingent beneficiary is the second choice who will receive the proceeds if the primary beneficiary is unable to do so.
A primary beneficiary is the first person or entity who will receive the life insurance proceeds upon the policyholder's death. A contingent beneficiary is the second choice who will receive the proceeds if the primary beneficiary is unable to do so.