What is Probate and How do I Serve as the Personal Representative or Executor?
Probate is the legal process that determines how the deceased assets are distributed. If the individual had a will there is an appointed executor or personal representative. If there is no will a personal representative must petition the court for approval to fill this role.
In addition to paying the bills, the executor or personal representative has a fiduciary responsibility to all the of the beneficiaries of the estate. This includes protecting the assets of the estate until they are distributed to the heirs. One of the biggest assets of the estate is the real estate. Protecting this asset may include maintenance and repair work. How does the executor decide what repair and maintenance work is in the best interest of the estate?
Legally you must safeguard the deceased property. Your responsibility is not to make money. It is to avoid loss or damage. So you must assess the real estate and decide what needs to be done to maintain the value and protect the property from deteriorating. This may include paint, new roof, plumbing work, electrical work, lawn care and landscaping; just to name a few. You also need to decide if the real estate needs to be sold. I use my coaching skills to help you through this process!
As a certified probate real estate specialist and certified professional coach, I am qualified to assist you in making these decisions and to sell the estate when necessary. I also help with clean outs, answering your real estate questions and support and guidance through this difficult process.
I would love to answer any questions you have about the Real Estate you are responsible for as Executor!
Call me! 610-327-4626
In addition to paying the bills, the executor or personal representative has a fiduciary responsibility to all the of the beneficiaries of the estate. This includes protecting the assets of the estate until they are distributed to the heirs. One of the biggest assets of the estate is the real estate. Protecting this asset may include maintenance and repair work. How does the executor decide what repair and maintenance work is in the best interest of the estate?
Legally you must safeguard the deceased property. Your responsibility is not to make money. It is to avoid loss or damage. So you must assess the real estate and decide what needs to be done to maintain the value and protect the property from deteriorating. This may include paint, new roof, plumbing work, electrical work, lawn care and landscaping; just to name a few. You also need to decide if the real estate needs to be sold. I use my coaching skills to help you through this process!
As a certified probate real estate specialist and certified professional coach, I am qualified to assist you in making these decisions and to sell the estate when necessary. I also help with clean outs, answering your real estate questions and support and guidance through this difficult process.
I would love to answer any questions you have about the Real Estate you are responsible for as Executor!
Call me! 610-327-4626
