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A personal representative sometimes called an administrator, an executor, or an executrix when a woman serves in this capacity is typically entitled to be paid for her services.

Generally speaking, a Personal Representative is responsible for opening the estate, collecting the assets of the estate, protecting the estate property, preparing an inventory of the property, paying various estate expenses, valid claims (including debts and taxes) against the estate, representing the estate in claims ...

The Personal Representative may also sell real estate owned by the Decedent. ... The Personal Representative must first pay creditor claims, final expenses of the deceased, administration expenses, and other authorized expenses. Any remaining balance in this account is then distributed to the heirs.

As a lay representative, meaning someone who is not a professional, a common range of payment is between $15 to $50 per hour. If the personal representative has a full-time job, the court may use how much he earns as a guideline to how much should be awarded.

Executor - (Also called personal representative ; a woman is sometimes called an executrix ) An individual or trust company that settles the estate of a testator according to the terms of the will.

Unlike a Statutory Warranty Deed, which provides a purchaser certain warranties of title, a Personal Representative's Deed conveys title to the real property without any warranties of title.

In fact, not only is it permissible for a personal representative to be a beneficiary of a will, but this is perhaps the most common scenario. When preparing an estate plan, most people choose a close loved one to serve as their personal representative.

A person named to administer an estate used to be called an executor or executrix. Now the term is personal representative, regardless of whether that person is named in a will or is appointed because there was no will.

A personal representative is appointed by a judge to oversee the administration of a probate estate. ... When a personal representative is nominated to the position in a will, he's commonly called the executor of the estate.

A simple estate with just a few, easy-to-find assets may be all wrapped up in six to eight months. A more complicated affair may take three years or more to fully settle.