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  • THE ESTATE OF ROSS MARSDEN BROWNE PETITION FOR LETTERS OF ADMINISTRATION document preview
  • THE ESTATE OF ROSS MARSDEN BROWNE PETITION FOR LETTERS OF ADMINISTRATION document preview
  • THE ESTATE OF ROSS MARSDEN BROWNE PETITION FOR LETTERS OF ADMINISTRATION document preview
  • THE ESTATE OF ROSS MARSDEN BROWNE PETITION FOR LETTERS OF ADMINISTRATION document preview
						
                                

Preview

DE-147 ATTORNEY OR PARTY WITHOUT ATTORNEY (Nome, slate bar number, and address): FOR COURT USE ONLY ;— Randi S. Teichman. 135905 - Seifer, Murken, et al. 2135 Lombard Street | “San Francisco, ‘CA 94123 retepHoneno: (415) 749+5900 FAXNO(Optiona): (415) 749-0344 } E-MAIL ADDRESS (Optiona): Cteichman@smdjlaw.com din ATTORNEY FOR (Nanie Wil Lem’! Racke; | Proposed personal rep San Francisco County Siperior Gol int ‘SUPERIOR COURT OF CALIFORNIA, COUNTY OF San Francisco a, street aooress: 40.0 McAllister Street. . JAN 1.7 2021 MAILING ADDRESS: . cnvanp2r cose: San Francisco, CA 94102 | . CLERK OF THE COURT BRANCH Nate: Probate : : : wo) BY ye rteag a ESTATE OF (Name): : : : OO Depa Ciark Ross Marsden Browne; ‘aka Ross M. Browne; : : aka Ross. Browne DECEDENT DUTIES AND LIABILITIES OF PERSONAL REPRESENTATIVE ce NUMBy and Acknowledgment of Receipt PES a5 [ 3 0 4 1 5% vo 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: oo 1. MANAGING THE ESTATE'S ASSETS a.” 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: b. 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 accoiint name must indicate that it is an estate account and ‘not-your personal account:' Never deposit estate funds i in your personal account or otherwise mix them with your or ariyone 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. c. Interest-bearing accounts and other investments. Except for checking accounts intended for ordinary.administration expenses, estat. 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. d. Other restrictions There are'many other restrictions on your authority to deal:with estate property. You should not spend any of the estate's money unless you have received. permission from the court or have been advised to do so by an attorney. 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 fées 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 pérsonal funds, or both:-You should ‘consult with an attorney concerning the legal requirements: affecting sales, leasés, mortgages, and investments.of estate property. 2. INVENTORY OF ESTATE PROPERTY a... Locate the estate's property You must attempt to locate and take Possession of all the decedent’ property to be administered in the estate. b. Determine the value of the property. You must arrange to havé.a court-appointed reféres determine the valiie of the property unless the appointment is waived ‘by the court. You, rather than:the referee, miist 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 all the‘assets in the estate. Page 4.0f 2 Form Adopted or Mandatory Use : DUTIES AND LIABILITIES OF PERSONAL REPRESENTATIVE + 2. Probate Code, § 8404 oEsar teria "2002) CEBY CEB’ Essential _* (Probate) faiForms: . : Willem RackeESTATE OF (Name):: «: : : ‘CASE NUMBER: : | Ross Marsden Browne . . . DECEDENT: dd. Filea a change of ownership At the time you file the inventory and appraisal, you must-also file a change of ownership ‘statement with the county: recorder or assessor in each county where the decedent owned real Property at the time of death, as provided it in section 480 of the California Revenue and Taxation Code. . 3. NOTICE TO CREDITORS You must mail a notice of administration to éach known: creditor of the decedent within four: months after your. Appointment : ‘as personal representative. If the decedent received Medi-Cal assistance, you must notify the State ‘Director of | Health Services within 90 days after appointment: . 4. INSURANCE You should determine that there is appropriate and ‘adequate:insurance covering | the assets and risks of the: estate. Maintain the insurance ir force during. the entire period of thé administration. a. Keep accounts 5, RECORD KEEPING You must keep complete and accuraté records of each financial transaction affecting:the estaté.:You will have to prepare an account of all: money and.property you have received, what you have spent, and the date of each transaction. You must describe in detail:what you have left after the payment of expenses. b. Court review Your account will be reviewed by the court. Save your receipts bécduge ‘the court may ask to review.them. If you do not file your.accounts as required, the Court will order you to-do so. You may be removed as personal representative if you fail to comply. 6. CONSULTING ‘AN ATTORNEY: : . If you have an attorney; y you should cooperate with the attorney at-all'times: You:and your attorney are responsible for completing the estate’administration as promptly as possible. When it -in doubt, contact your attorney. NOTICE: 4. This: statement of duties and liabilities is a. ‘summary and jis not a.complete ‘statement: of the law, Your conduct as.a personal representative is governed by the Jaw itself and not .by this summary. .. If you fail to perform your duties or to:meet the deadlines, the court may reduce your compensation, remove you from office, and impose other. sanctions. _ ACKNOWLEDGMENT OF RECEIPT 1.07 have petitioned the court to be appointed as a personal representative. 2... My address and telephoné number aré (specify): ::1811 Flosom Street San Francisco, -CA 94103 415-760-7087 3. [acknowledge that I have. received a copy of this staterient of the duties and liabilities of the office of personal representative. (ablso Willem Racke (TYPE-OR PRINT NAME)” . (SIGNATURE OF PETITIONER) Date: : y > (TYPE OR PRINT NAME): ~ ° (SIGNATURE OF PETITIONER) CONFIDENTIAL INFORMATION: If required to do so by local court rule, you must provide your date of birth and driver's license number on supplemental Form DE-147S..(Prab. Code, § 8404(b).) DE-147 (Rev: January 1, 2002} , DUTIES AND LIABILITIES OF PERSONAL REPRESENTATIVE : Page 2of 2 B| Essential - : (Probate) * . ‘eebcom | f2}Forms : fs Willem Racke