Tulsa Estate Attorney Blog
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Key Actions for New Personal Representatives: EIN & More Tips
Navigating the responsibilities as a personal representative can be daunting, but understanding the initial steps is crucial to ensuring a smooth process. One key task is obtaining an Employer Identification Number (EIN) from the IRS for managing the estate's financial matters. This number is essential for handling any funds collected from the decedent’s assets. It's important to secure this EIN only after your official appointment to avoid complications. Our detailed article provides step-by-step guidance and highlights other critical aspects you need to know. Dive into the article to gain comprehensive insights into your role as a personal representative. Read more »Essential Duties of an Estate Personal Representative Explained
Discover the essential steps to effectively serve as a personal representative in managing an estate. This article dives into the critical tasks you'll face, from transferring the decedent's liquid assets into an estate checking account to responsibly managing ongoing debts like mortgages and car payments. Learn how to assemble a comprehensive inventory of the estate's assets and liabilities, ensuring a smooth settlement process. Whether you're newly appointed or seeking to refine your approach, this guide provides valuable insights for every personal representative. Don't miss out on these important details—read the full article to equip yourself for this significant responsibility. Read more »