Week 8 Lecture

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Week 8 Lecture

Question

Week 8 lecture:

This week you will be able to understand the different types of personal representative, understand the procedures a personal representative has in the formal probate procedures and recognize the assistants role to the personal representative in the duties of estate administration.  Public administrators are appointed by a court if the personal representative does not assume the role or can’t. Paralegals and estate administrators can establish a ticket system to organize the documents received and the ones that are still needed.  The place and date of death is important as this information goes on the tax return.  The highest degree of care and integrity is required of the personal representative. Obtaining the death certificate is also critical.

Can the personal representative decline this role? If so what will happen to the administration of the estate?

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This question is taken from Accounting 175 – Estate Gift and Trust Taxation » Spring 2021 » Lectures