A Personal Representative has a very important role which carries with it considerable legal, tax and administrative duties and responsibilities.
The duties and responsibilities carried out correctly can mean the Personal Representative is personally liable for not doing so, or if there is a loss to the estate, even if the Personal Representative acted in good faith.
As an Executor you are required to administer the estate in accordance with the terms of the Will. Your appointment comes from the Will. The deceased should have asked permission before making the appointment.
Where there is no Will the Personal Representatives are known as Administrators and who this depends on the rules of intestacy.
What is the next step?
At Macks we can provide care and support to discuss your appointment as a Personal Representative, whether this be as an Executor or Administrator, and explain your duties, responsibilities and liability in so acting.
We strongly recommend a face-to-face meeting with one of our specialist Solicitors, who will be able to advise you on and assist you in the administration of the estate, to ensure this is handled correctly and efficiently thereby giving you peace of mind.