What is a Personal Representative?
A personal representative is simply another name for someone who is an Executor or if there is no Will, is the person who has legal authority to administer the estate.
A Personal Representative can be held personally financially liable for any loss resulting from a breach of their duty, even if the mistake was made in good faith, such as:
- Failure to pay the debts and liabilities of the deceased.
- Failure to distribute funds to an individual who is successful in their claim against the estate.
- Failure to identify, and correctly distribute funds to the beneficiaries; including those initially not known about.