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The Role of a Personal Representative: Duties and Responsibilities

At Heritage Law Office, our experienced estate planning attorneys will thoroughly review your needs and wants when planning your estate and provide an outline of your best options, including the creation of an irrevocable trust. Contact us either online or at 414-253-8500 to schedule a free consultation today.

Understanding the Role of a Personal Representative

A personal representative is an individual appointed by the court to manage the estate of a deceased person. This person has a fiduciary duty to act in the best interests of the estate and its beneficiaries.

Duties of a Personal Representative

  1. Collecting assets: The personal representative is responsible for locating and collecting the deceased's assets, such as real estate, bank accounts, and personal belongings.

  2. Paying debts and taxes: The personal representative must pay any outstanding debts and taxes owed by the deceased from the estate's assets.

  3. Distributing the remaining assets: After all debts and taxes are paid, the personal representative distributes the remaining assets to the beneficiaries according to the deceased's will or the laws of intestacy if there is no will.

  4. Closing the estate: Once all assets have been distributed, the personal representative must file a final accounting with the court and request permission to close the estate.

Selecting a Personal Representative

Choosing a personal representative is an important decision, as this person will be responsible for carrying out your wishes and managing your estate after your death. Consider the following factors when selecting a personal representative:

  • Trustworthiness
  • Financial responsibility
  • Organizational skills
  • Ability to communicate effectively with beneficiaries and other parties

Responsibilities of a Personal Representative

As a personal representative in , you will be required to fulfill certain legal responsibilities. These responsibilities may include:

  • Filing the will: The personal representative must file the will with the appropriate court and initiate the probate process.

  • Notifying interested parties: The personal representative must notify all beneficiaries named in the will, as well as any known creditors, of the estate proceedings.

  • Managing estate assets: The personal representative must protect and manage the estate's assets during the probate process, including maintaining insurance on real estate and ensuring proper care of personal property.

  • Preparing and filing tax returns: The personal representative must file any required federal and state tax returns for the deceased and the estate.

Challenges Faced by Personal Representatives

Personal representatives can face numerous challenges when managing an estate, including:

  • Disputes among beneficiaries: Disagreements among beneficiaries can lead to delays in the probate process and may require the personal representative to mediate or seek legal advice.

  • Complicated tax matters: Estates with complex tax issues may require the personal representative to seek professional assistance to ensure accurate tax filings.

  • Unknown or hard-to-locate assets: The personal representative may encounter difficulty locating all of the deceased's assets, particularly if the deceased did not maintain accurate records or if assets are held in multiple jurisdictions.

Contact an Experienced Personal Representative Attorney at Heritage Law Office

If you need assistance with the duties and responsibilities of a personal representative, or if you have questions about the probate process, contact Heritage Law Office. Our knowledgeable attorneys are experienced in handling estate administration matters and can provide the guidance you need. To schedule a consultation, either use the online form or call us directly at 414-253-8500. We offer remote, phone, and online appointments, so you can receive services wherever you are.

Contact Us Today

For a comprehensive plan that will meet your needs or the needs of a loved one, contact us today. Located in Downtown Milwaukee, we proudly provide legal advice to those in Milwaukee County and surrounding communities.

Milwaukee Office
757 N. Broadway, Suite 300
Milwaukee, WI 53202
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Minneapolis, MN 55104
414-676-2787 (fax)
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