Probate Basics: Duties of the Personal Representative

Probate Basics: Duties of the Personal Representative

The Personal Representative is the individual in charge of administering the estate.  This person is sometimes also called the Executor or the Administrator.  Here is a review of the basic duties of a Personal Representative, Executor, or Administrator as part of the probate process.

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Learn from Prince’s Mistakes: Don’t Let it (Purple) Rain on Your Estate Plans

Learn from Prince’s Mistakes: Don’t Let it (Purple) Rain on Your Estate Plans

When I read that Prince failed to leave a will or any known estate planning documents, I was shocked.  The musician, who was notoriously hands-on with his music and its management, failed to prepare a plan for what would happen after his death. Prince left behind an estate estimated to exceed $300 million.  While most of us will never accumulate that much money, we can still learn from Prince’s mistakes.

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