What are the main duties of a personal representative of an estate?
The executor has many responsibilities during probate. The personal representative’s primary duties include:
- Identifying and creating an inventory of the assets of the estate
- Determining which, if any, assets fall under probate
- Receiving any payments due to the estate
- Opening an estate checking account
- Appraising or valuing estate assets
- Determining who will receive what from the estate
- Giving notice to potential creditors
- Investigating claims against the estate
- Paying outstanding debts and claims
- Paying expenses to administer the estate
- Handling paperwork which includes notifying Social Security of the death, court documents, and discontinuing utilities
- Distributing property and assets to beneficiaries
- Filing final taxes
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