Client Alert

Important conversations for personal representatives

How the probate process goes for a complex estate is impacted by many things. This includes the actions of the personal representative selected for the estate. This person serves many important roles during the probate process. This includes the management of the estate and its distribution.

There are many conversations that can be very important for such individuals to have during the probate process.

For one, good communication between the personal representative and the beneficiaries can be critical. Complex estates can trigger complex probate issues. This could make it easy for beneficiaries to have incorrect assumptions about how the process will go and what the ultimate result of the process will be. Beneficiaries being unclear on things could raise the chances of misunderstandings. This, in turn, might have the potential to lead to probate disputes. Disputes can greatly disrupt the probate process. This could make things more difficult for everyone involved.

Personal representatives having frank and honest discussions with beneficiaries about the process could help reduce the chances of incorrect assumptions arising and defuse potential disputes before they have the chance to grow into something disruptive.

Now, with complex estates, many tricky technical issues could arise. When a personal representative encounters issues he or she is not sure how to address due to their complexity, it can be important for him or her to discuss the matter with professionals, such as skilled attorneys. Personal representatives reaching out for approportionate help and guidance could help with preventing probate mistakes.

The major implications of what actions personal representatives take and what conversations they decide to have points to the importance of another discussion. This is a conversation that would happen long before the personal representative was in charge of managing the estate. Specifically, when an individual is picking a personal representative for their estate, it can be important for him or her to talk with the person being considered to make sure this person would be up to the task.

Posted in Client Alert, Trustees / Executors.