Who Is Eligible To Serve As Personal Representative Of An Estate In Washington State? (Solution found)

In the State of Washington, any person is eligible to be a personal representative unless that person is a minor, a person of unsound mind, or a person who has been convicted of a felony or crime involving moral turpitude, such as fraud or theft.

What is a personal representative in Washington State?

  • Definition: Personal Representative. He or she may also owe duties to others, such as the estate’s creditors. In the State of Washington, any person is eligible to be a personal representative unless that person is a minor, a person of unsound mind, or a person who has been convicted of a felony or crime involving moral turpitude,

Who can be a personal representative of an estate?

That person (it could be one or more individuals, a bank or trust company, or both) who acts for, or “stands in the shoes of,” the deceased is generally called the personal representative. If the decedent dies “testate” – that is, with a Will – an Executor is appointed as the personal representative.

Who should be your personal representative in a will?

Whoever you ask to serve as an executor of your estate, trustee of your trust, guardian of your kids or your power of attorney must be trustworthy. The law imposes an obligation of responsibility on the person you choose.

How do I become a personal representative in Washington state?

Becoming a Personal Representative to a Washington Estate Along with filing the Petition for Probate of Will, you will need to petition for Letters Testamentary and Nonintervention Powers, the legal documents that grant you the power to act on behalf of the estate.

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Who can be an executor in Washington state?

Basic Requirements for Serving as a Washington Executor Your executor must be: at least 18 years old, and. of sound mind — that is, not judged incapacitated by a court.

Who is personal representative if no will?

A personal representative can also be known as an ‘executor’ or an ‘administrator. ‘ This role is referred to as an executor if the deceased left a Will or as an administrator if the deceased did not leave a Will (died intestate).

Can a personal representative also be a beneficiary?

A beneficiary, or heir, is someone to which the deceased person has left assets, and a personal representative, sometimes called an executor or administrator, is the person in charge of handling the distribution of assets.

What factors should a client consider when deciding who to select as a personal representative?

5 FACTORS TO CONSIDER WHEN NAMING A PERSONAL REPRESENTATIVE

  • Trustworthiness. When handling finances and personal affairs, you would like your personal representative to be someone close to you and honest, whom you can trust.
  • Responsibility and Availability.
  • Well-Organized.
  • Location.
  • Age & Wellbeing.

What powers does a personal representative have?

Generally speaking, a Personal Representative is responsible for opening the estate, collecting the assets of the estate, protecting the estate property, preparing an inventory of the property, paying various estate expenses, valid claims (including debts and taxes) against the estate, representing the estate in claims

Can an executor decide who gets what?

No, the Executor of your will cannot just decide who gets what. Only in scenarios where the person who made the will, called the testator, did not give clear instructions, will the executor have the power to make a decision.

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What is the difference between an executor and personal representative?

A personal representative is appointed by a judge to oversee the administration of a probate estate. When a personal representative is nominated to the position in a will, he’s commonly called the executor of the estate.

What are the responsibilities of a personal representative of an estate?

As the Personal Representative, you are responsible for doing the following: • Collecting and inventorying the assets of the estate; • Managing the assets of the estate during the probate process; • Paying the bills of the estate. Making distribution to the heirs or beneficiaries of the estate.

Who is a personal representative in probate?

A “Personal Representative” is a general term for either an executor or an administrator. This Personal Representative has the authority to deal with the deceased’s estate, such as to manage and distribute the relevant assets to the beneficiaries.

Can I be my own executor?

Independent Executors Some states allow a testator to name an “independent executor” in their will. An independent executor has the power to administer and distribute the decedent’s estate without a probate court overseeing the process.

How much can a personal representative charge?

Compensation For Your Efforts For all your efforts and risk of personal liability, you may receive nothing more than a handshake. The PR is entitled to take a reasonable fee that can range between. 5% to 3 % of the value of the estate. However, any fee taken will be taxable income to the PR.

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