What Are the Responsibilities of a Personal Representative?

The individual in charge of managing the deceased person’s affairs collects a list of the deceased’s assets, liquidates estate assets to settle outstanding debts, and informs the heirs and creditors about the death. Typically, they are compensated with a set percentage of the estate’s overall value for their efforts. It is recommended to consult with a legal firm specializing in probate matters to ensure a favorable outcome. These professionals can provide guidance on navigating complex tax matters and resolving conflicts.