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Mobile county probate courts personal representative handbook form 2025

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The document is a handbook for personal representatives involved in the administration of intestate estates in Mobile County, Alabama. It outlines the responsibilities and duties of a personal representative, including collecting assets, paying debts, and distributing remaining assets to beneficiaries. The handbook emphasizes the importance of trustworthiness, legal compliance, and communication with attorneys throughout the estate administration process. It also provides definitions of key terms and detailed instructions on various aspects of estate management.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What assets are exempt from probate in Alabama?

Beneficiary Designations Assets with payable-on-death or transfer-on-death designations do not go through probate. Examples include life insurance and retirement or other financial accounts with valid beneficiary designations.

Does a personal representative have power of attorney?

What is a Personal Representative? Unlike an Agent acting under a Power of Attorney during your lifetime, a Personal Representative (also known as an Executor) administers your estate after your death.

Is personal representative the same as executor?

A personal representative (or legal personal representative), also known as the executor, is the individual chosen to administer the estate of a deceased person.

What is the disadvantage of an executor?

Serving as an executor involves significant legal responsibilities and potential risks. Conflicts can arise between co-executors and heirs. Executors can face personal liability for financial mistakes. Good communication and organization skills are crucial for managing estate matters effectively.

What are the duties and liabilities of a personal representative?

Duties Liabilities of Personal Representative Prudent investments. Keep estate assets separate. Interest-bearing accounts and other investments. Other restrictions. Locate the estates property. Determine the value of the property. Prepare an inventory and appraisal. Keep accounts.

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Who is the owner of the property in a personal representatives deed?

A Fiduciary Deed, also known as a trustees deed or personal representatives deed, is a legal document used to convey real property from one party (the grantor) to another (the grantee). A fiduciary is a person or entity entrusted with the responsibility to manage and act in the best interests of another party.

What is the difference between an executor and a personal representative?

In reality, there isnt a significant difference between the two, and the terms can be used interchangeably in many cases. The primary difference lies in which state has jurisdiction over the probate. Some states use the term Personal Representative, and some states use the term Executor.

Mobile county probate courts personal representative handbook form 2025

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Got questions?

What assets are exempt from probate in Alabama?

Does a personal representative have power of attorney?

Is personal representative the same as executor?

What is the disadvantage of an executor?

What are the duties and liabilities of a personal representative?

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Who is the owner of the property in a personal representatives deed?

What is the difference between an executor and a personal representative?

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