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A beneficiary is a person who receives a benefit (typically a financial benefit) through a trust, will, or other beneficiary designation (EX: life insurance policy) after another person has died. Unlike being appointed as a personal representative, the beneficiary doesn't have any roles or duties to fulfill.
Some traits that can be important ones for a personal representative to have include: Strong organizational skills. Good financial acumen. Sound judgment. Strong integrity (so as not be tempted to misuse their role for personal gain).
A personal representative (or legal personal representative), also known as the executor, is the individual chosen to administer the estate of a deceased person. They are designated as such by the decedent or by a court.
(1) The personal representative shall collect, inventory and possess all the decedent's estate; collect all income and rent from decedent's estate; manage the estate and, when reasonable, maintain in force or purchase casualty and liability insurance; contest all claims except claims which the personal representative ...
Yes, it's quite common for the personal representative to also be the beneficiary. Oftentimes, that personal representative/beneficiary is a surviving spouse or immediate family member.