On June 02, 2021 a
No Value
was filed
involving a dispute between
Daugherty Jeffrey Wadsworth,
Kean Miller Llp,
and
for Decedent's Estate (General Jurisdiction)
in the District Court of Los Angeles County.
Preview
Electronically FILED by Superior Court of California, County of Los Angeles 7/2/2021 5:42 PM Sherri R. Carter, Executive Officer/Clerk, By Hyo Suh, Deputy Clerk
DE-1 47
ATTORNEY OR PARTY WITHOUT ATTORNEY (Name, Stale Bar number. and addnu):
FOR COURT USE ONLY
LAW OFFICES OF MICHAEL P. FLATTERY (SB#80043)
8730 Wilshire Boulevard, Suite #411
Beverly Hills, California 90211
TELEPHONE N05 31 0-385-8676 FAX NO- (Optional): 31 0-385-8424
E-MAIL ADDRESS (Optional): flattervmp@ao|_com
ATTORNEY FOR (Name): Petitioner. Jeffrev Wadsworth Daugherlv
SUPERIOR COURT OF CALIFORNIA, COUNTY OF LOS ANGELES
STREET ADDRESS= 111 North Hill Street
MAILING ADDRESS: 111 North Hill Street
cITY AND ZIP CODE:
Los Anqeles. California 9001 2
BRANCH NAME Central District - Stanlev Mosk Courthouse
ESTATE 0F (Name):
CHARLES ALLEN DAUGHERTY DECEDENT
DUTIES AND LIABILITIES 0F PERSONAL REPRESENTATIVE CASE NUMBER:
and Acknowledgment of Receipt 21STPBO5408
DUTIES AND LIABILITIES 0F PERSONAL REPRESENTATIVE
When the court appoints you as personal representative of an estate, you become an officer of the court and assume
certain duties and obligations. An attorney is best qualified to advise you about these matters. You should understand the
following:
1. MANAGING THE ESTATE'S ASSETS
Prudent investments
You must manage the estate assets with the care of a prudent person dealing with someone else's property. This
means that you must be cautious and may not make any speculative investments.
Keep estate assets separate
You must keep the money and property in this estate separate from anyone else's, including your own. When you
open a bank account for the estate, the account name must indicate that it is an estate account and not your
personal account. Never deposit estate funds in your personal account or othenNise mix them with your or anyone
else's property. Securities in the estate must also be held in a name that shows they are estate property and not
your
personal property.
lnterest-bearing accountsand other Investmants
Except checking accounts intended for ordinary administration expenses, estate accounts must earn interest. You
for
may deposit estate funds in insured accounts in financial institutions, but you should consult with an attorney before
making other kinds of investments.
Other restrictions
There are many otherrestrictions on your authority to deal with estate property. You should not spend any of the
money unless you have received permission from the court or have been advised to do so by an attorney.
estate's
You may reimburse yourself for official court costs paid by you to the county clerk and for the premium on your bond.
Without prior order of the court, you may not pay fees to yourself or to your attorney, if you have one. If you do not
obtain the court's permission when it is required. you may be removed as personal representative or you may be
required to reimburse the estate from your own personal funds, or both. You should consult with an attorney
concerning the legal requirements affecting sales. leases. mortgages, and investments of estate property.
2. INVENTORY OF ESTATE PROPERTY
Locate the estate's property
You must attempt to locate and take possession of all the decedent's property
to be administered in the estate.
Determine the value of the property
You must arrange to have a court-appointed referee determine the value of the property unless the appointment is
waived by the court. You, rather than the referee, must determine the value of certain "cash items." An attorney can
advise you about how to do this.
File an Inventory and appraisal
Within four months after Letters are first issued to you as personal representative. you must file with the court an
inventory and appraisal of the assets in the estate.
F°"" “med“ Mama“ U”
Judlcial Councll of Califomla
all
DUTIES AND LIABILITIES OF PERSONAL REPRESENTATIVE
PM
Pm“ cm”- 5 34“
05—147 [Rem January 1. 2002) (Probate)
Document Filed Date
July 02, 2021
Case Filing Date
June 02, 2021
Category
Decedent's Estate (General Jurisdiction)
Status
Under Court Supervision 07/20/2021
For full print and download access, please subscribe at https://www.trellis.law/.
Preview
Electronically FILED by Superior Court of California, County of Los Angeles 7/2/2021 5:42 PM Sherri R. Carter, Executive Officer/Clerk, By Hyo Suh, Deputy Clerk DE-1 47 ATTORNEY OR PARTY WITHOUT ATTORNEY (Name, Stale Bar number. and addnu): FOR COURT USE ONLY LAW OFFICES OF MICHAEL P. FLATTERY (SB#80043) 8730 Wilshire Boulevard, Suite #411 Beverly Hills, California 90211 TELEPHONE N05 31 0-385-8676 FAX NO- (Optional): 31 0-385-8424 E-MAIL ADDRESS (Optional): flattervmp@ao|_com ATTORNEY FOR (Name): Petitioner. Jeffrev Wadsworth Daugherlv SUPERIOR COURT OF CALIFORNIA, COUNTY OF LOS ANGELES STREET ADDRESS= 111 North Hill Street MAILING ADDRESS: 111 North Hill Street cITY AND ZIP CODE: Los Anqeles. California 9001 2 BRANCH NAME Central District - Stanlev Mosk Courthouse ESTATE 0F (Name): CHARLES ALLEN DAUGHERTY DECEDENT DUTIES AND LIABILITIES 0F PERSONAL REPRESENTATIVE CASE NUMBER: and Acknowledgment of Receipt 21STPBO5408 DUTIES AND LIABILITIES 0F PERSONAL REPRESENTATIVE When the court appoints you as personal representative of an estate, you become an officer of the court and assume certain duties and obligations. An attorney is best qualified to advise you about these matters. You should understand the following: 1. MANAGING THE ESTATE'S ASSETS Prudent investments You must manage the estate assets with the care of a prudent person dealing with someone else's property. This means that you must be cautious and may not make any speculative investments. Keep estate assets separate You must keep the money and property in this estate separate from anyone else's, including your own. When you open a bank account for the estate, the account name must indicate that it is an estate account and not your personal account. Never deposit estate funds in your personal account or othenNise mix them with your or anyone else's property. Securities in the estate must also be held in a name that shows they are estate property and not your personal property. lnterest-bearing accountsand other Investmants Except checking accounts intended for ordinary administration expenses, estate accounts must earn interest. You for may deposit estate funds in insured accounts in financial institutions, but you should consult with an attorney before making other kinds of investments. Other restrictions There are many otherrestrictions on your authority to deal with estate property. You should not spend any of the money unless you have received permission from the court or have been advised to do so by an attorney. estate's You may reimburse yourself for official court costs paid by you to the county clerk and for the premium on your bond. Without prior order of the court, you may not pay fees to yourself or to your attorney, if you have one. If you do not obtain the court's permission when it is required. you may be removed as personal representative or you may be required to reimburse the estate from your own personal funds, or both. You should consult with an attorney concerning the legal requirements affecting sales. leases. mortgages, and investments of estate property. 2. INVENTORY OF ESTATE PROPERTY Locate the estate's property You must attempt to locate and take possession of all the decedent's property to be administered in the estate. Determine the value of the property You must arrange to have a court-appointed referee determine the value of the property unless the appointment is waived by the court. You, rather than the referee, must determine the value of certain "cash items." An attorney can advise you about how to do this. File an Inventory and appraisal Within four months after Letters are first issued to you as personal representative. you must file with the court an inventory and appraisal of the assets in the estate. F°"" “med“ Mama“ U” Judlcial Councll of Califomla all DUTIES AND LIABILITIES OF PERSONAL REPRESENTATIVE PM Pm“ cm”- 5 34“ 05—147 [Rem January 1. 2002) (Probate)