On May 17, 2021 a
Duties & Liabilities of Personal Representative Filed
was filed
involving a dispute between
and
for Petition for Letters of Administration
in the District Court of San Bernardino County.
Preview
~
DE-1 47
ATTORNEYORPAR‘I'YMTHOUTATTORNEYWOMO, ddabarnumbonandefimu): FORCOURTUSEONLY
—-Thomas Dominick State Bar #120525
W.
Fullerton, Lemann, Schaefer & Dominick,LLP
215 North "D" Street, First Floor
San Bernardino, CA 92401—1712
Temoueuo; (90 9) 8 8 9—3 691 muoxom; (90 9) 8 8 8 —5 1 1 9 SUPERQRFCO'UETEF BUFORNM
emmnREssmpumo: tdominick@flsd com . COUNTY OF SAN BERNARDINO
AHORNEYFOR w x Lana Owens SAN BERNARDINO msmICT
SUPERIOR COURT OF CALIFORNIA, COUNTY OF san Be rnardino
STREETADoness: 247 W. Third Street MAY 1 7 2021
muuemoaess: (Same)
cmmmcooe: San Bernardino, CA 92415—0212 ‘2}; t
mcaums: Probate Division BY v/l
STEPMN HAM, DEPUTY
;
r:-
r .
ESTATE OF (Name):
Nancy Anne Holm Barrett, aka Nancy Anne Holm,
aka Nancy Anne Barrett ___ DECEDENT
DUTIES AND LIABILITIES OF PERSONAL REPRESENTATIVE cAse muses:
PR03321 00006
and Acknowledgment of Receipt
DUTIES AND LIABILITIES OF 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 otherwise mix them with your or anyone etse's
property. Securities in the estate must also be held in a name that shows they are estate property and not your
personal property.
Interest-bearing accounts and other Investments
Except for checking accounts intended for ordinary administration expenses. estate accounts must earn interest. You
may deposit estate funds in insured accounts in financial institutions, but you should consult with an attorney before
making other kinds of investments.
Other restrlctlons
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 Is required, you may be removed as personal representative or you may be
it
required to reimburse the estate from your own personal funds. or both. You should consult with an attorney
concerning the legal requirements affecting sates, 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.
P“ Determine the value of the property
You must arrange to have a oourt—appointed referee determine the value of the property untess 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.
c. 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 all the assets in the estate.
Mum“. $3" Emu
Form DUTIES AND LIABILlTlEsl
OF PERSONAL REPRESENTATIVE
(Probate)
mm
p... 1
9am
on
Barrett, Estate of Nancy Anne Holm
Document Filed Date
May 17, 2021
Case Filing Date
May 17, 2021
Category
Petition for Letters of Administration
Status
Court Supervision Terminated
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~ DE-1 47 ATTORNEYORPAR‘I'YMTHOUTATTORNEYWOMO, ddabarnumbonandefimu): FORCOURTUSEONLY —-Thomas Dominick State Bar #120525 W. Fullerton, Lemann, Schaefer & Dominick,LLP 215 North "D" Street, First Floor San Bernardino, CA 92401—1712 Temoueuo; (90 9) 8 8 9—3 691 muoxom; (90 9) 8 8 8 —5 1 1 9 SUPERQRFCO'UETEF BUFORNM emmnREssmpumo: tdominick@flsd com . COUNTY OF SAN BERNARDINO AHORNEYFOR w x Lana Owens SAN BERNARDINO msmICT SUPERIOR COURT OF CALIFORNIA, COUNTY OF san Be rnardino STREETADoness: 247 W. Third Street MAY 1 7 2021 muuemoaess: (Same) cmmmcooe: San Bernardino, CA 92415—0212 ‘2}; t mcaums: Probate Division BY v/l STEPMN HAM, DEPUTY ; r:- r . ESTATE OF (Name): Nancy Anne Holm Barrett, aka Nancy Anne Holm, aka Nancy Anne Barrett ___ DECEDENT DUTIES AND LIABILITIES OF PERSONAL REPRESENTATIVE cAse muses: PR03321 00006 and Acknowledgment of Receipt DUTIES AND LIABILITIES OF 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 otherwise mix them with your or anyone etse's property. Securities in the estate must also be held in a name that shows they are estate property and not your personal property. Interest-bearing accounts and other Investments Except for checking accounts intended for ordinary administration expenses. estate accounts must earn interest. You may deposit estate funds in insured accounts in financial institutions, but you should consult with an attorney before making other kinds of investments. Other restrlctlons 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 Is required, you may be removed as personal representative or you may be it required to reimburse the estate from your own personal funds. or both. You should consult with an attorney concerning the legal requirements affecting sates, 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. P“ Determine the value of the property You must arrange to have a oourt—appointed referee determine the value of the property untess 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. c. 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 all the assets in the estate. Mum“. $3" Emu Form DUTIES AND LIABILlTlEsl OF PERSONAL REPRESENTATIVE (Probate) mm p... 1 9am on Barrett, Estate of Nancy Anne Holm