Who should be my personal representative?

This will most likely be your spouse or a close relative, but not necessarily the person in your life who is best suited to the task. When handling finances and personal affairs, you would like your personal representative to be someone close to you and honest, whom you can trust.

What is the difference between a personal representative and an executor?

A personal representative is appointed by a judge to oversee the administration of a probate estate.In most cases, the judge will honor the decedent's wishes and appoint this person. When a personal representative is nominated to the position in a will, he's commonly called the executor of the estate.

Who should be your personal representative?

This will most likely be your spouse or a close relative, but not necessarily the person in your life who is best suited to the task. When handling finances and personal affairs, you would like your personal representative to be someone close to you and honest, whom you can trust.

What is a personal representative in a last will and testament?

A Personal Representative (commonly referred to as an Executor) of an estate is an individual or institution designated to administer the estate of a decedent.The primary duty of a Personal Presentative is to protect the estate in a manner consistent with the decedent's wishes.

Which is a responsibility of the Personal Representative?

As the Personal Representative, you are responsible for doing the following: 2022 Collecting and inventorying the assets of the estate; 2022 Managing the assets of the estate during the probate process; 2022 Paying the bills of the estate. Making distribution to the heirs or beneficiaries of the estate.

Is a personal representative entitled to compensation?

A personal representative in California is entitled to compensation for ordinary services provided to the estate. California Probate Code § 10800. These fees are also called statutory fees, because they are provided by statute.

Is a personal representative the same as executor?

A personal representative is appointed by a judge to oversee the administration of a probate estate.When a personal representative is nominated to the position in a will, he's commonly called the executor of the estate.

US Legal Forms
California Duties and Liabilities of Personal Representative

Duties And Liabilities Of Personal Representative

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Category:

California Probate - Personal Representatives - Duties

State:

California

Control #:

CA-DE-147

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Description

Duties and Liabilities of Personal Representative: This form lists the duties, as well as the liabilities, to being the Personal Representative to someone's estate. Among other things, the duties include most daily activies which deal mainly with the estate's monetary value. The liabilities include being held liable for drastic depreciation in value of the estate, due to the Personal Representative's poor judgment decisions.

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View California Confidential Supplement to Duties and Liabilities of Personal Representative

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FAQ

A patient's Personal Representative is the person who has the authority, under California law, to make health care decisions on behalf of the patient. Although there are exceptions, in general a person who has the capacity to make his or her own health care decisions does not have a Personal Representative.

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