Tag: Representative

Personal Representative legal definition of Personal Representative

Personal Representative

A person who manages the financial affairs of another person who is unable to do so.

A personal representative is one kind of fiduciary—an individual whom another has trusted to manage her property and money. When a person dies, a personal representative generally is required to settle the decedent’s financial affairs. In some instances, a living person may need a personal representative; for example, a minor might need a personal representative to make legal decisions for her. Personal representatives can be appointed by a court, nominated by will, or selected by the person involved. Their duties are performed under the supervision of probate courts, which are governed by state law.

When someone dies leaving property, a personal representative is required to administer the decedent’s estate, which involves resolving any debts and handling the distribution of property. The jurisdiction, powers, and functions connected with administering the decedent’s estate are

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The Role of a Personal Estate Representative

You’ll be asked to name a number of fiduciaries when you set up your estate plan, and one of these is your personal representative. This individual is more commonly called an executor or — if the person serving is a female — an executrix.

The Title Varies, but the Duties of a Personal Representative Are Virtually Identical

The term administrator is also used in some states, but while the duties and responsibilities of an administrator are virtually identical to those of a personal representative or executor, an administrator commonly settles intestate estates. These are estates where the decedent died without a will, left a will without naming a personal representative, or the individual he chose is unable or unwilling to serve for some reason. The court will appoint an administrator to handle probate of the estate in these situations.

Ideally, you’ll name a personal representative in your last will and

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