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Selling Property Without Court Authority In Michigan, the probate court will either grant an estate representative the right to sell property during the probate proceeding or they won't. Without the court's authority, the property cannot transfer. Selling Real Estate Subject to Probate: The Top 3 Mistakes - Soble Law provenresource.com ? the-top-3-mistakes-people-... provenresource.com ? the-top-3-mistakes-people-...
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. Personal Representative: Advantages and Disadvantages of ... Investopedia ? terms ? personal-repr... Investopedia ? terms ? personal-repr...
Generally speaking, a Personal Representative is responsible for opening the estate, collecting the assets of the estate, protecting the estate property, preparing an inventory of the property, paying various estate expenses, valid claims (including debts and taxes) against the estate, representing the estate in claims ... Duties of a Personal Representative/Executor steinsperling.com ? duties-of-a-personal-represent... steinsperling.com ? duties-of-a-personal-represent...
Basically, after your lifetime, a trustee is responsible for assets held in trust and a personal representative (sometimes also called an executor) is responsible for assets held in your individual name. You appoint these important agents of your estate plan with will or trust documents. What is the difference between a personal representative vs. a trustee? hawaiitrustlaw.com ? just-ask-john ? person... hawaiitrustlaw.com ? just-ask-john ? person...
Generally, the person who oversees your estate is known as your ?personal representative.? California law also refers to a personal representative as an ?executor? or ?administrator.? All three terms describe the same function, although there is a legal distinction between their method of appointment.