What are the Roles of Personal Representatives (Executors and Administrators) in Iowa?
When someone dies in Iowa, their property enters the probate process. This means a person’s assets, with some exceptions, will become part of a probate estate. Certain things will need to be paid out of the estate. These include debts owed by the deceased person. Read the full article here: https://www.oflaherty-law.com/learn-about-law/personal-representatives-executors-and-administrators-in-iowa
A person (or persons) is appointed to be responsible for administering to the estate. The person who is responsible for managing the estate, distributing the estate’s assets, paying off the estate’s debts and other responsibilities under the Iowa Probate Code is called a personal representative. The two kinds of personal representatives in Iowa are called administrators and executors.
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This video will discuss: What are administrators and executors?, Who may be a personal representative?, What notices do personal representatives have to give?, Filing inventory of the estate, The responsibility to review claims by creditors, Classifications of debts to be paid by personal representative, Actions against the decedent prior to their death, Maintenance of the exiting property, and Filing taxes and final report.
**None of the content in this series is intended as paid legal advice.
