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What are the Powers and Duties of a Personal Representative?

Alabama Estate Planning Lawyers

The powers and duties of a personal representative are as follows:

  1. Without court authorization, the personal representative may:
    1. retain assets;
    2. receive assets;
    3. perform deceased contracts;
    4. satisfy written charitable pledges;
    5. deposit funds in financial institutions;
    6. abandon valueless personal property;
    7. allocate expenses to income;
    8. pay assessments;
    9. hold securities;
    10. insure assets;
    11. borrow to protect estate;
    12. settle with debtors;
    13. settle claims;
    14. pay taxes and expenses;
    15. sell or exercise stock options;
    16. enter leases up to one year;
    17. vote stocks;
    18. employ attorneys, auditors;
    19. prosecute or defend claims;
    20. continue unincorporated business;
    21. incorporate the business;
    22. limit liability.

(court may limit powers of personal representative)

  1. With prior authorization, the personal representative may:
    1. abandon an estate asset;
    2. make repairs or demolish improvements;
    3. subdivide, dedicate land;
    4. leases greater than one year;
    5. enter mineral leases;
    6. sell real estate;
    7. pay compensation of personal representatives.

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  • Home
  • About Us
  • Attorneys
    • Douglas C. Martinson, II
    • A. Mac Martinson
    • Morris H. Lilienthal
    • Caleb W. Ballew
    • Monica E. Jayroe
    • W. Carter Montgomery
  • Practice Areas
    • Personal Injury
      • Motorcycle Accidents
      • Dangerous Drugs & Devices
      • Wrongful Death
    • Car Accidents
      • Uber Car Accidents
      • Lyft Car Accidents
      • DoorDash Car Accidents
      • Instacart Car Accidents
    • Probate & Estate Planning
    • Family Law
    • Corporate Law
    • Criminal Law
    • Real Estate Law
    • Whistleblower Retaliation
    • More Practice Areas
  • Blog
  • Resources
    • FAQs
    • Guides
      • Car Accident Guide
      • Personal Injury Guide
      • Dangerous Drugs and Medical Devices Guide
    • Testimonials
    • Verdicts & Settlements
    • News Room
    • Newsletters
    • Recursos Por Accidentes
  • Contact