So you’ve been appointed to handle the administration of a loved one’s estate. What now? This is a very serious role that you’re about to enter into. Rule number one, don’t take your responsibilities lightly. As the personal representative of the estate, you will have a fiduciary obligation to the heirs, beneficiaries and potential creditors of the estate. If you make mistakes, you could be held personally liable for them.
Here’s an article I came across that was in Forbes Magazine a while back that does a nice job of explaining a number of the duties and obligations that you will have. Take a look.
Remember, if you’re about to take on this responsibility, it’s a very good idea to seek out the advice of a skilled and experienced estate attorney before you get in over your head.
American Wills & Estates is a locally owned and locally founded law firm that has been assisting clients in Pittsburgh and throughout Western Pennsylvania through the probate estate administration process with competency, compassion and care for over 25 years. We have a number of convenient office locations and also offer home, hospital, evening and weekend appointments upon request. Give us a call today at (412) 381-7370 to schedule your free legal consultation or visit us online at http://www.americanwillsandestates.com