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The post How to Avoid Probate in Colorado appeared first on SmartReads by SmartAsset. Probate is a legal process that deals with the assets and debts left behind after someone dies. Though ...
Personal representatives are tasked with managing estates when people die, either according to the terms of their will or the state laws that govern certain successions. An executor is a type of ...
Probate of Wills and Administration: Procedural rules for the probate process 4 Foreign Personal Representatives and Ancillary Administration: Rules governing personal representatives outside the decedent's domiciliary state 5 Protection of Persons under Disability and their Property
In common law jurisdictions, a personal representative or legal personal representative is a person appointed by a court to administer the estate of another person. If the estate being administered is that of a deceased person, the personal representative is either an executor if the deceased person left a will or an administrator of an intestate estate. [1]
The probate court may require that the executor provide a fidelity bond, an insurance policy in favor of the estate to protect against possible abuse by the executor. [39] After opening the probate case with the court, the personal representative inventories and collects the decedent's property.
If in doubt, be sure to contact a lawyer or the probate court where the deceased person lived to learn more about filing a claim. Here’s an overview of the claims process, as detailed by Jane ...
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