Who Distributes Assets?

The Personal Representative is responsible for distributing assets and carrying out the decedent’s intentions expressed in a Will. This is accomplished by recording deeds for real property and by distributing other property in kind or in cash once the property has been liquidated. There is a statutory preference that assets be distributed “in kind” if [...]

Who’s Responsible For Paying Debts?

The Personal Representative must allow time to identify creditors and then pay those creditors using estate assets. The Personal Representative must publish notice to creditors of the decedent’s death in a newspaper of general circulation and then must wait 4 months before any unknown claims are barred. The Personal Representative must allow or disallow any [...]