6. Maintaining Accurate Records
Maintaining accurate records is another important duty. The Personal Representative must account periodically to the beneficiaries. Keeping beneficiaries informed is an extremely good way to avoid litigation and maintaining accurate records greatly reduces the possibility of having a successful suit against a Personal Representative. In addition, accurate records ease the task of rendering the formal account to the Orphans’ Court and/or Register of Wills. If accurate records are not maintained, the preparation of various accounting can become a nightmare.