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Article Ten This Article is for You to Name a Personal Representative, Also Form

Article Ten This Article is for You to Name a Personal Representative, Also Form

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[Music] hi everyone my name is stacy schwartz and i'm an attorney at the flamia elder law firm and we're continuing our past conversations about probate and what steps need to happen so in the last video i talked about gathering paperwork hiring an attorney filing all the right paperwork with the court and now we're at the step where the personal representative has been appointed to the estate letters of administration have been issued now what comes next so the personal representative's job is to start liquidating assets so depending on what's in the estate really depends on the advice so don't just start cashing everything out now check with the attorney about what comes next but if there's cash accounts you can start closing those bank accounts if there's investment accounts maybe talk to a cpa about tax consequences or tax consequences of cashing out retirement accounts so there's a lot that goes into this but

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