The Personal Representative
Word of Caution
Without consulting a qualified estate administration attorney in advance, the Personal Representative or Executor(trix) should not do the following:
- Sell any property of the estate.
- Give away any property of the estate.
- Lease estate property.
- Pay or compromise any debts or claims against the estate (including funeral bills and/or expenses of the decedent's last illness).
- Sell stock, exercise subscription rights, or buy stocks or bonds for the estate.
- Distribute estate property to any devisee or heir.
- Loan any estate property or money to any devisee or heir.
- Allow anyone to reside in any estate real property without payment of fair rental value (unless said person has a written lease which pre-exists the Decedent's death).
- Allow anyone to use any estate personal property (such as driving the Decedent's automobile).
- Deposit estate funds in your personal account or otherwise commingle estate property with your own.
- Act without the concurrence of the other personal representatives (if two or more have been appointed by the probate Court).
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see: Fiduciary Duties
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