A Personal Representative, commonly known as an Executor or Executrix, is the person appointed by the court to administer or run the probate.
How is a Personal Representative Selected?
A Personal Representative, or PR, can be appointed in a will. If a person passes away without a will, Colorado law has provisions for who can be PR. For example, in a married couple, the surviving spouse has priority to be PR.
What is the Personal Representative’s Role?
The Personal Representative has four main roles in a probate:
- Find the decedent’s assets
- Value the assets
- Pay creditors
- Distribute assets either per the terms of the will or per Colorado intestacy statutes
What if I Don’t Want to be a PR?
Probates can have quite a lot of work for the PR, oftentimes creating extra stress. You are not required to accept appointment as Personal Representative. You may sign a Renunciation and Nomination form to step down as PR and nominate someone else to run the probate. Our experienced firm is here to help you through the process to take away the legal burden and added stress.
Speak with a Probate Lawyer in Colorado Springs
Being a Personal Representative is an oftentimes thankless position filled with work to do when you’re grieving the loss of a loved one. Contact our probate law firm to help ease the burden.