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What are five duties of the personal representative?

Personal Representatives have five basic responsibilities: to locate and take control of the decedents assets, pay creditors, pay taxes, locate heirs and finally, distribute assets and close the estate.

Which of the following tasks are the primary responsibilities of the Personal Representative?

The Personal Representative is responsible for all of the following: Gathering property owned by the person who died. Notifying creditors and heirs or devisees. Handling debts and taxes.

Is Alaska a probate state?

Alaska is one of the states that follows the Uniform Probate Code, a standard set of rules about probate. Probate proceedings are usually only required if the deceased person owned any assets in their name only.

How much does an estate have to be worth to go to probate in Alaska?

Alaska has two ways of avoiding probate. One is an affidavit procedure that allows heirs to completely skip probate when the value of the estate is $50,000 or less after liens, encumbrances, and the value of vehicles that are $100,000 or less have been subtracted.

Can executors charge for their time?

As indicated above, only executors who act in the course of a profession or business which includes providing services in connection with the management or administration of trusts can charge (with the consent of their co-executors).

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