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When someone dies owning an interest in real estate, the legal instrument used to convey the property is a Personal Representatives Deed. In the deed, the Personal Representative (PR) of the estate transfers the deceased owners interest to either a third-party buyer or an estate beneficiary.
A Personal Representatives Deed is the form of deed commonly used in connection with the sale of real property owned by an estate.
By Petition to the Court (Formal Proceeding). The Probate Judge, Magistrate or Registrar may appoint a Personal Representative and determine Heirs after notice to all Interested Persons and after hearing on any objections. If you need assistance with legal decisions, you should contact an attorney.
Wisconsin law stipulates that the personal representative of an estate is paid 2% of the total value of the estate.
(2) A commission computed on the compensable value of the estate is presumed to be reasonable compensation for a personal representative in formal administration as follows: (a) At the rate of 3 percent for the first $1 million. (b) At the rate of 2.5 percent for all above $1 million and not exceeding $5 million.
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Personal representative by this deed does convey to GRANTEE all of the estate and interest in the property which the decedent had immediately prior to decedents death, and all of the estate and interest in the property which the personal representative has since acquired.
When someone dies without a will they are said to have died intestate and no one has immediate authority to act as their personal representative. Instead, one of their relatives needs to apply to the Probate Registry for a grant of letters of administration.
In New Mexico, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (its similar to a will), naming someone to take over as trustee after your death (called a successor trustee).
A personal representative is the person, or it may be more than one person, who is legally entitled to administer the estate of the person who has died (referred to as the deceased). The term personal representatives, sometimes abbreviated to PR, is used because it includes both executors and administrators.
Beneficiary deeds enable real property owners in Colorado to transfer their property to a designated beneficiary upon death without having to go through probate, which may help save time and money in the administration of the estate. Under C.R.S.

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