My Uncle Kenny scare… Risks of serving as a personal representatives
It may sound easy. A love one passes away and the family members do their duty and handle the affairs of the departed. That what I thought… and boy was I surprised when my uncle almost got used. We rudely learned that individuals that serve as personal representative or executor of a family members estate actually assumes legal responsibility for their actions.
Sound like serious stuff? It is my uncle served as personal representative of my grandfathers estate and he was almost sued because he didn’t know all the important details about the duties of a fiduciary concerning settling an estate.
Luckily for uncle Kenny, he found a website call ThePersonalRepresentative.com this website sole purpose is Helping Personal Representatives meet their duties and responsibilities.
After uncle Kenny found this site and used all of the material on it he was able to solve some pretty intense family situations. He ended up hiring one of the estate attorney listed in the websites directory. All went well in the long run. But if you go through this yourself be careful and do your homework before you start something you may regret.
Alex
Memphis, TN