Additionally, The personal representative’s job is to gather and assess the deceased person’s assets and liabilities, pay their bills, and distribute the estate’s assets to chosen beneficiaries, per the dead person’s will.
In addition, the personal representative must see that the dead person’s final tax returns are filed. The personal representative is accountable to the estate’s beneficiaries, to whom they owe a fiduciary duty to properly supervise the estate’s administration and safeguard its assets for their benefit.
The job of an executor is thus an important one. This is because the personal representative can preserve peace in the family and facilitate the transfer of wealth and property to the estate’s heirs and beneficiaries.
Speaking with a Colorado Springs Probate lawyer before beginning the probate process will help you decide whether or not it is necessary for your circumstances because probate is not always necessary.
Although it is sometimes tempting to forgo further legal bills, it’s always a good idea to seek the advice of a skilled Colorado Springs probate attorney whether or not you believe you require one. You could steer clear of any problems by seeking the assistance and counsel of legal counsel.