What are the fiduciary duties of a Florida estate executor?
If you have lost a loved one or there is a Palm Beach probate going on, you may have some very basic questions. If you are an estate beneficiary or an heir or family member, you may wonder what are the fiduciary duties of the executor of a will?
Estate Executor: personal representative
- Let’s say that your uncle passed away . He was a resident of Boynton Beach, Florida.
- Now you are getting letters from a Delray Beach probate lawyer with a bunch of official looking papers that you don’t understand
- This is probably the beginning of the probate process
- The estate executor, sometimes referred to as the executor of the will, is a relative who lives in Lake Worth
- In Florida the executor is called the Personal Representative of the Estate
Here is a free online video that helps you get a better idea of the answer to the question: what are the fiduciary duties of an estate executor? http://www.youtube.com/watch?v=eu-GlMrcHcI&feature=youtu.be
Beneficiary rights to Florida estates & fiduciary duties of a probate executor
- There are 2 important items that you need to know when dealing with the Delray Beach probate lawyer and the estate executor from Lake Worth:
- First, you should know what your rights to the estate are. What are you rights in the probate? When can you receive your inheritance? What are you able to see, learn and ask questions about?
- Second, you should know what the duties of that executor are to you and the estate. Executors of estates have a lot of duties.
- Do you know the difference between an estate inventory and an accounting?
- Do you know what a receipt and release is?
- Does the executor have an obligation to file the deceased person’s final income taxreturn?
- Understanding what a personal representative is supposed to do, and what duties they owe to estate beneficiaries, and estate creditors, will help a probate beneficiary understand the Palm Beach probate process better.
Want to see a list of free Florida probate videos that you can watch at your leisure?
Go to this link: http://www.pankauskilawfirm.com/