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Regarding Estate accounts Letters of testamentary states who the personal representative is the representative allowed to authorize another signer if they choose?
Generally, Personal Representatives cannot authorize another signer on an estate account.
Is a personal representative liable for the decedent's debts when there is no estate?
The personal representative is not responsible for the debts. The estate pays the debts.
What is the difference between a personal representative and a beneficiary?
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.
Is personal representative responsible for mortgage of estate?
They are responsible for paying it from the estate's funds. They do not have to pay it personally.
Can a personal representative of an estate contest payment to other siblings?
No. The court appointed estate representative must settle the estate according to the provisions in the will or the state laws of intestacy if there is no will. They have no personal discretion to dole out the assets unless that right is specifically granted in the will.
If you are a personal representative of an estate does it give the personal representative a right to move on the property if owned by a joint owner?
No. Ownership of joint property passes automatically to the surviving joint tenant and does not become part of a decedent's estate.
Can a Personal Representative sign legal documents for an heir of an estate?
Yes, a Personal Representative (also known as an executor or administrator) can sign legal documents on behalf of an heir of an estate, but this authority is generally limited to matters related to the administration of the estate. The Personal Representative acts in the best interests of the estate and its beneficiaries, and their actions must comply with the law and the terms of the will, if one exists. However, the Personal Representative should ensure that any decisions made are in consultation with the heirs and that they have the necessary legal authority to act on their behalf.
Is the word personal representative capitalized when used in a sentence?
Our records show on April 04, 2013 we received the signed Letters of Authority naming you as the Personal Representative of the estate.
What makes you a legal personal representative?
It may depend on the situation being referred to. A legal personal representative could be an individual acting under a Power of Attorney issued by by the grantor. - or - A legal personal representative could refer to the individual acting under the authority of the probate court as the Executor of an estate .
Is a personal representative the same as an executor?
For practical purposes, yes. An executor is someone who administers an estate of a person who left a valid Will. An administrator is someone who administers an estate of a person who did not leave a valid Will. The term "personal representative" described both an administrator and an executor.In the United States the term personal representative is used in the Uniform Probate Code to refer to the person authorized by the Probate Court to settle the estate of a decedent. As states adopt the Uniform Probate Code the term personal representative is becoming more common.
How do you obtain appointment as the personal representative of an estate?
Pick up a set of probate instructions at your local courthouse, or they may be available on line. Then follow the instructions and file the appropriate forms with the court and they will issue a letter of authority.
If the attorney of an estate is also the personal representative of that estate can she sell the real estate and collect both the real estate commission and her attorney fees?
The real estate agent is the person who collects a commission on the sale of the real estate not the estate representative (executor/administrator). Generally a person who fills both roles, attorney for the estate and executor, can charge for both services.
