Personal Representative/ Executor of Will
Benefit Payee Services, Inc. can be nominated in a Will to act as the Personal Representative. We will carry out the practical responsibilities at the time of a death, such as protecting and collecting assets, arranging for payment of debts to the estate, reviewing creditor’s claims, filing estate tax forms, and final distributions to heirs.
This service is often beneficial for those who:
- have no living relatives
- have family members that live out of state
- have multiple children who often disagree
- have a disabled child
- children may lack the time or skill set needed
Duties of a Personal Representative:
- Locate and file original Will with the Court
- Follow wishes regarding burial and disposition of last remains
- Inventory and safeguard assets
- Collect income, verify, and pay obligations
- Notify and communicate with beneficiaries
- Prepare and file accountings
- Maintain and provide accurate records and documentation
- File notice to creditors
- Liquidate assets as needed
- Make distributions to heirs
- File final tax return

