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Your Duties
The personal representative
carries out the wishes of the decedent expressed in the will, insofar as is possible.
If there is no will, the Probate Estates and Fiduciary Code gives guidance on
what must be done. The personal representative collects the assets of the estate,
notifies the beneficiaries under the will or the intestate heirs if there is no
will, pays all of the decedent's just debts and expenses, prepares and files inheritance
tax returns and pays the inheritance tax, and distributes the assets to the beneficiaries
of heirs.
Administration of
the estate may require the short-term management of a business.
When the administration
is concluded, a final accounting of all assets may be presented for approval to
the Orphans Court. In many cases, this procedure is dispensed with if all of the
beneficiaries are in agreement as to the administration of the estate and are
willing to sign a "family settlement agreement." Administration
of small, uncomplicated estates can generally be concluded in about one year.
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