4 Things You Need To Know About Being a Personal Representative Of An Estate In Florida.

Are you a personal representative of a Palm Beach estate? As a personal representative there are certain responsibilities that you must be aware of. Failure to take these responsibilities into account could lead to probate litigation down the line. Here are 4 things you should know if you are a personal represeantative of a Florida estate.

4 important responsibilities of a personal representative in Florida.

1. Asset Identification – Personal representatives of estates in Palm Beach Gardens, have a duty to identify all the assets of that estate, assets are usually any real property or bank accounts but can be any property owned by the decedent that has value.
2. Debt Settlement – Debts against a Florida estate need to be settled before any distribution of assets can take place, it is the personal representative’s job to send anotice to creditors so they have a chance to come forward.
3. Estate Protection – Personal representatives of Palm Beach estates must also protect the estate from any invalid claims against it, Florida personal representatives may also have to file lawsuits in the name of the estate as well.
4. Retain Counsel – In Florida, a personal representative is required to retain an attorney that is admitted to practice law in the state, hiring experienced probate lawyers is important when handling any estate.

To learn more about administering an estate and being a personal representative in Florida watch this short video Can I Administer the Estate? What You Need to Know About Being a Personal Representative.