
Who Should You Choose to be the Personal Representative of Your Estate?
Your last will and testament is a critical part of your estate plan. You might be aware that your will allows you to instruct how your property and assets should be distributed after you pass away, which should be carefully considered. Another important consideration when it comes to drafting a will is who you will designate to be the personal representative of your estate. The personal representative is in charge of many tasks when it comes to administering your estate. These include: Locating and notifying beneficiaries named in your will Taking inventory of all property and assets Pay necessary bills as needed during probate Notifying creditors and paying debts Filing taxes Closing accounts Distributing your estate according to your will Closing your estate With the right personal representative, the probate…