Lake And Peninsula Borough Personal Representative Deed Form

Additional Alaska and Lake And Peninsula Borough documents included at no extra charge:

Where to Record Your Documents

---

Cities and Jurisdictions in Lake And Peninsula Borough

Properties in any of these areas use Lake And Peninsula Borough forms:

• Chignik
• Chignik Lagoon
• Chignik Lake
• Egegik
• Iliamna
• Levelock
• Nondalton
• Pedro Bay
• Perryville
• Pilot Point
• Port Alsworth
• Port Heiden

---

Personal Representatives Deeds in Alaska are governed by the Uniform Probate Code, found at sections 13.06 - 13.36 of the Alaska Statutes.

Use a personal representative's deed to devise or sell a decedent's real property in Alaska. The personal representative (PR) accepts a fiduciary duty to settle the decedent's estate according to the terms of the will (if one exists), and the relevant state and local laws. A PR may be designated in a will or appointed by the probate court when administration of the estate is opened.

Unless the title to real property passes automatically or a transfer on death deed is on record, the estate must go through probate. Probate is the court-directed process of transferring a decedent's assets to the person(s) entitled to receive it. (Note: Real property granted by the Secretary of the Interior to Native Alaskans, designated as restricted property, uses a separate procedure administered through the United States Bureau of Indian Affairs.)

Alaska recognizes informal and formal probate processes. Informal probate uses minimal court supervision and is the more common method. Formal probate requires more court supervision, and is an option for complex cases, such as when a will is contested, or there are disputes between devisees (persons named in a will to receive a decedent's property, also called beneficiaries). Administration of the estate officially begins with the issuance of letters (AS 13.16.015). These are either letters of administration (when the decedent dies without a will) or letters testamentary (when the decedent dies with a will). Once granted, the letters confirm the PR's authority to settle the decedent's estate.

The probate process varies slightly depending on whether the decedent left a will. A personal representative -- the person whose fiduciary duty is to settle the estate and distribute the decedent's remaining assets according to law -- is determined first by designation in a valid will (if applicable), and then in the following order: the spouse of decedent, if a bequest is made within a will to him or her; a devisee under a will; the spouse of the decedent, though no bequest is made to him or her in a will; any heir of the decedent; and finally, any creditor of the decedent after 45 days have passed (AS 13.16.065(a)).

The PR must execute and record a deed to pass a decedent's title to real property. In Alaska, personal representatives generally use a quitclaim deed to transfer title to a relative of the deceased. The quitclaim deed provides no warranty of title, and is appropriate for a fiduciary, who "does not know exactly what interest the person who died had in the property and does not want the estate to be responsible for promises about the property" [1]. In some circumstances, such as when a buyer is purchasing the property and is not related to the decedent, a personal representative might offer a warranty deed after hiring a title company to research the title's history [1].

The deed should meet all formatting and content standards for documents pertaining to interest in real property in the State of Alaska, including the grantor's information, grantee information's and vesting, legal description of the subject property, and the source of the grantor's title. The personal representative's deed also includes the name of the decedent and the probate case number. Depending on the circumstances, the PR might also need to attach supplemental documentation. Verify any additional requirements with the probate court or an attorney. Each personal representative must sign the deed in the presence of a notary public before recording in the recording district wherein the property is located.

Mistakes in estate administration may open the personal representative to personal liability. Take time to review Alaska Statues Title 13, the resources available through the probate court, and, as always, consult an attorney for specific guidance on administering an estate in Alaska.

[1] http://courts.alaska.gov/shc/probate/probate-transferring-assets.htm

Important: Your property must be located in Lake And Peninsula Borough to use these forms. Documents should be recorded at the office below.

This Personal Representative Deed meets all recording requirements specific to Lake And Peninsula Borough.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Lake And Peninsula Borough recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

Save Time and Money

Get your Lake And Peninsula Borough Personal Representative Deed form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

4.8 out of 5 - ( 4758 Reviews )