What are the powers and duties of a personal representative?
1. Without court authorization the personal representative may:
perform deceased contracts.
Deposit funds and financial institutions.
Abandon valueless personal property.
Allocate expenses to income.
Borrow to protect the estate.
Settle with debtors.
Pay taxes and expenses.
Cell are exercised stock options.
Enter leases up to one year.
Employment attorneys, and auditors.
Prosecute or defend claims.
Continue unincorporated businesses.
The court may limit the powers of personal representative.
2. With prior court authorization for personal representative may:
Abandon an estate asset
Make repairs or demolish improvements.
Subdivide, and dedicate land.
Make Lisa’s greater than one year.
Have inner mineral leases.
Sell real estate.
Pay compensation for personal representatives.