What is a Personal Representative? What does a Personal Representative do?
Authored By: Adam Rubin, Esq.
A Personal Representative is the person who “stands in the deceased’s shoes” in Maryland. The Personal Representative serves as the manager of the deceased person’s estate, including managing various types of assets that may be in the deceased’s estate (e.g. a house, automobiles, bank accounts, stocks, interest in a business, etc.).
Some duties of the Personal Representative include:
• Taking possession of assets and marshaling assets
• Generating and filing an inventory of the assets in the estate
• Preparing and filing an accounting(s)
• Paying creditors, taxes, and costs of administration
Serving as a Personal Representative is an important role with responsibilities. Taking on the role of Personal Representative is a kindness to the deceased. Serving in the role effectively can prevent many headaches among heirs and other inheritors under a will.
Contact an Attorney at The Shump Law Firm, PC, if you are a Personal Representative or believe that you may become a Personal Representative for a friend’s or loved one’s estate. Please call (410) 832.8865 to schedule a consultation today.
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