Get AK P-350 2014-2024

Contact the surrogate or probate court of the county where the deceased lived or owned real estate. ... Briefly review the values of the deceased's assets if you're not sure what the deceased owned. ... Go to the probate court. ... Complete the petition. ... Sign and date the petition. ... File the petition and pay the filing fee.

If there is more than one personal representative and the will is silent as to how each is to be paid it doesn't include any provisions for this state law will dictate the fees paid to each of them. ... In others, each executor can collect the full fee that one personal representative would be entitled to receive.

If the estate being administered is that of a deceased person, the personal representative is either an executor if the deceased person left a will or an administrator of an intestate estate. ... As a fiduciary, a personal representative has the duties of loyalty, candor or honesty, and good faith.

(2) A commission computed on the compensable value of the estate is presumed to be reasonable compensation for a personal representative in formal administration as follows: (a) At the rate of 3 percent for the first $1 million. (b) At the rate of 2.5 percent for all above $1 million and not exceeding $5 million.

The personal representative then has three months to submit to the court a list of all probate assets, complete with their values. If there are assets that require professional appraisals, the representative is likely to need three months to complete the inventory.

The duties of a personal representative are directly related to the stages of executing the will or trust such as: identifying assets, paying the bills, filing lawsuits (if needed), and closing out the estate in accordance with the will and controlling probate law.

This person is referred to as a personal representative or executor. Since family members are often the most trusted people in the testator's life, one or more of them are frequently named as personal representatives even though they may also be devisees, or beneficiaries, under his will.

This person is referred to as a personal representative or executor. Since family members are often the most trusted people in the testator's life, one or more of them are frequently named as personal representatives even though they may also be devisees, or beneficiaries, under his will.

A personal representative is an individual you place in charge of settling your estate after your death, also sometimes referred to as an executor or executrix if she is a female. Sometimes the personal representative of an estate without a will is called an administrator.

Administrators, executors and personal representatives all perform the same job except that administrators are appointed by the court; personal representatives and executors are named by will.

A small estate affidavit is a substitute for a probate proceeding. You cannot open an "estate account," without having an estate. If you have an estate, you need to go to probate.

An estate account is simply a bank account in the estate's name. ... To open an estate account, an executor needs to provide the bank with required documentation, which usually includes proof of death. The executor must also apply for an employer identification number for the estate.

Decedent's often die with a variety of assets. ... As such, if assets are not transferrable to a named beneficiary or survivor by some other means, a probate estate is generally required to be opened to transfer the assets to the estate beneficiaries or creditors of the estate in satisfaction of their claims.

Generally, the minimum probate fee for an estate of $75,000 or under is $1500 + 283-500 in court and other miscellaneous costs...

Exception. Generally, the executor has control of the estate's bank accounts. However, if the decedent and a person who is still alive jointly owned a bank account, the executor does not have the ability to close this account.