Legal Question in Wills and Trusts in Arizona
My father recently passed away. I am the personal representative for the estate. I sold his home after his death, and after paying of the mortgage and reality fees there is about $10,000 and it is being deposited into my personal account by the title company. I am unaware of any claims against the estate and have already gone to the probate court and filed my first public notice to creditors in the local paper. I dont know what my rights are, but I am curious to what I can or cannot do with the funds. I am the sole beneficiary in his will. He did have one vehicle that was repossessed ILLEGALLY and the local police are doing nothing. I do know that that company can come after the estate for the balance on the account. I am very young and naive when it comes to these matters and just don't know what to do. Can I use the money? Is that part of the estate? Please help I just don't know what to do!
1 Answer from Attorneys
You should retain legal counsel to advise you of your rights, duties and obligations as personal representative of the estate. Without more information, it is not possible to tell you what to do. The assets of the estate belong to the estate until the estate is ready to be closed (after debts, expenses and taxes have been paid, and the creditor claims period has run). You could use the estate money for legal counsel, which you are entitled to have as personal representative.
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