Consultation
801.572.0900
Elder Law Attorneys Serving Salt Lake County, Utah
Share

Utah Probate, Elder Law, Medicaid, Guardianship and Special Needs Blog

Sunday, February 4, 2018

Utah Duties of a Personal Representative-Kathie Brown Roberts P.C.

Generally, the standard of care required of the personal representative with respect to management of the assets of an estate is the same as required of a Trustee, exercising reasonable skill and caution and acting as a prudent investor.[1]  For example, with respect to management of assets a Personal Representative must “be evaluated not in isolation but in the context of the …portfolio as a whole and as a part of an overall investment strategy having risk and return objectives reasonably suited to the [estate]”[2].  A Personal Representative, generally is charged with possession of the estate; appraising the assets within the estate; paying obligations of the estate; distributing the assets of the estate to those entitled to receive such assets; and generally standing in the shoes of the decedent with respect to ongoing legal and business transactions that require wrap up.[3] 


[1] U.C.A. Sec. 75-7-902.

[2] U.C.A. Sec. 75-7-902.

[3] See U.C.A. Sec. 75-3-703 through U.C.A. 75-3-708.


Archived Posts

2018
2017
2016
2015



© 2018 Kathie Brown Roberts P.C. | Disclaimer
9045 S. 1300 East, Ste. 100, Sandy, UT 84094
| Phone: 801-572-0900

Contested Matters in Utah Probate and Guardianships | Elder Law / Medicaid Planning | Guardianships / Conservatorships | Estate Planning | Special Needs Planning | Utah Probate & Estate Administration Guide | Veterans Benefits | | Video Library

FacebookGoogle+

Attorney Website Design by
Zola Creative