Information for Executors
Meeting the Unique Needs of Personal Representatives
Many state statutes have replaced the term "Executor" or "Administrator" with an updated version known as "Personal Representative". The actual job of overseeing the execution of a will can be more difficult and time consuming than the person appointed might have originally anticipated. No matter how much a Personal Representative may care for a decedent and seek to faithfully execute his or her last wishes, handling the affairs of an estate may require skills and knowledge that are outside of the average person's experience. The process can often feel like the taking on of a second job. Dealing with emotional issues and the often conflicting needs of Heirs in times of family grief can also make life as a Personal Representative difficult. Probate Liquidators of Cobb is committed to assisting Personal Representatives whether they may be a spouse, another Heir, a friend of the deceased or a court appointed representative. We help Personal Representatives tie up loose ends quickly and get probate cases closed so that you can get on with your life.
Where estates have limited liquid assets or cash flow problems, Personal Representatives may consider spending their own funds to make payments to creditors. Since legal fees can be significant in drawn out estate settlements and asset values may take some time to determine, a Personal Representative may risk not recovering funds "loaned" to an estate. In addition, some creditor claims on an estate take legal precedence over others. Before making payments from estate funds, and especially before paying estate bills from their own resources, Personal Representatives would do well to consult a probate attorney or contact us to see what other alternatives may exist.
Our services include:
- Locating lost assets
- Finding missing heirs or family members
- Buying property and even whole estates quickly with minimal paperwork
- Selling a businesses
- Developing buyout strategies for impatient heirs
- Purchasing an entire estate
- Sourcing buyers for commercial and rental properties
- Helping faciliate ancillary probate when the deceased owned property in other states
We can help you liquidate:
- Residential Houses
- Rental Property
- Multi Family Units
- Luxury Houses
- Commercial Buildings
- Businesses
- Vacant Land
- Farms
- Mobile Homes
- Jewelry
- Furniture and Household Goods
- Automobiles
- Boats
- Antiques
- RVs
- Mortgages
Or any other types of assets that will generate cash for you and your family.