Definition - What does Personal Representative mean?
A personal representative is a person who takes care of the finances of another person when they can no longer do so.
In the context of the law, personal representatives have the legal authority and power to do this. In many cases, personal representatives are appointed by the court.
Justipedia explains Personal Representative
Personal representatives are often needed when a person has passed away, and when their estate needs to be divided up and passed on to beneficiaries. There are three ways in which a person can become a personal representative for another:
- First, they can be appointed by the court.
- Second, they can be named in a will.
- Third, they can be named by a living person who needs a personal representative for some reason, i.e., the person is a minor.