On January 11, 2021 a
Complaint,Petition
was filed
involving a dispute between
Racke, Willem,
and
for PETITION FOR LETTERS OF ADMINISTRATION
in the District Court of San Francisco County.
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
Document Filed Date
January 11, 2021
Case Filing Date
January 11, 2021
Category
PETITION FOR LETTERS OF ADMINISTRATION
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