DE-147
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`ATTORNEY OR PARTY WITHOUT ATTORNEY (Name. State Bar number, and address):
`JAMES K. BURAU; STATE BAR NO. 141946
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`JAMES K. BURAU, Ltd.
`916 Southwood Bivd., Ste 1A
`Incline Village, Nevada 89451
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`TELEPHONE NO.: (775) 831-4556 FAX NO. (Optional): (775) 831-6275
`E-MAIL ADDRESS (Optional): Office@jamesburau.com
`ATTORNEY FOR (Name): SHAWN ALEXANDER WARD
`SUPERIOR COURT OF CALIFORNIA, COUNTY OF SAN FRANCISCO
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`FOR COURT USE ONLY
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`ELECTRONICALLY
`FILED
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`Superior Court of California,
`County of San Francisco
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`STREET ADDRESS: 400 McAllister St., Department 204 01/29/2026
`MAILING ADDRESS: Clerk of the Court
`CITY AND IP CODE: San Francisco, CA 94102-4514 BY: AISHA LITTLEJOHN
`BRANCH NAME: Probate Court Deputy Clerk
`ESTATE OF (Name):
`GAEL M. WARD DECEDENT
`DUTIES AND LIABILITIES OF PERSONAL REPRESENTATIVE CASEINUMBER:
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`and Acknowledgment of Receipt
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`DUTIES AND LIABILITIES OF PERSONAL REPRESENTATIVE
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`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 quaiified to advise you about these matters. You should understand the
`following:
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`1. MANAGING THE ESTATE'S ASSETS
`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.
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`Keep estate assets separate
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`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 account name must indicate that it is an estate account and not your
`personal account. Never deposit estate funds in your personal account or otherwise mix them with your or anyone
`else's property. Securities in the estate must aiso be held in a name that shows they are estate property and not your
`personal property.
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`Interest-bearing accounts and other investments
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`Except for checking accounts intended for ordinary administration expenses, estate 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.
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`Other restrictions
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`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 fees 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 personal funds, or both. You should consult with an attorney
`concerning the legal requirements affecting sales, leases, mortgages, and investments of estate property.
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`2. INVENTORY OF ESTATE PROPERTY
`Locate the estate's property
`You must attempt to locate and take possession of all the decedent's property to be administered in the estate.
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`Determine the value of the property
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`You must arrange to have a court-appointed referee determine the value of the property unless the appointment is
`waived by the court. You, rather than the referee, must determine the value of certain "cash items." An attorney can
`advise you about how to do this.
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`File an inventory and appraisal
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`Within four months after Letters are first issued to you as personal representative, you must file with the court an
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`inventory and appraisal of all the assets in the estate.
`Page1of2
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`RN AL A DUTIES AND LIABILITIES OF PERSONAL REPRESENTATIVE Probte Code, § 8404
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`Judicial Council of Califomia
`DE-147 [Rev. January 1, 2002] (Probate)
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`ESTATE OF (Name)-
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`CASE NUMBER
`GAEL M. WARD
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`DECEDENT
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`d. File achange of ownership
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`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 in
`section 480 of the California Revenue and Taxation Code.
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`3. NOTICE TO CREDITORS
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`You must mail a notice of administration to each known creditor of the decedent within four months after your appointment
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`as personal representative. If the decedent received Medi-Cal assistance, you must notify the State Director of Health
`Services within 90 days after appointment.
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`4. INSURANCE
`You should determine that there is appropriate and adequate insurance covering the assets and risks of the estate.
`Maintain the insurance in force during the entire period of the administration.
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`5. RECORD KEEPING
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`a. Keep accounts
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`You must keep complete and accurate records of each financial transaction affecting the estate. 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.
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`b. Courtreview
`Your account will be reviewed by the court. Save your receipts because the court may ask to review them. If you do
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`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.
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`6. CONSULTING AN ATTORNEY
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`If you have an attorney, 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 in doubt, contact your attorney.
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`NOTICE: 1. This statement of duties and liabilities is a summary and is not a complete statement of the law.
`Your conduct as a personal representative is governed by the law itself and not by this summary.
`2. 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.
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`ACKNOWLEDGMENT OF RECEIPT
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`1. | have petitioned the court to be appointed as a personal representative.
`2. My address and telephone number are (specify):
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`10200 Sheffield Place
`Truckee, California 96161
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`(530) 386-3144
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`3. | acknowledge that | have received a copy of this statement of the duties and liabilities of the office of personal
`representative.
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`Date: //Q7/Qé
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`SHAWN ALEXANDER WARD 3 /é/LAr l;\)wQ
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`(TYPE OR PRINT NAME) (SIGNATURE OF PETITIONER)
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`Date:
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`4
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`(TYPE OR PRINT NAME) (SIGNATURE OF PETITIONER)
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`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. (Prob. Code, § 8404(b).)
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`DE-147 [Rev. January 1, 2002) DUTIES AND LIABILITIES OF PERSONAL REPRESENTATIVE Paee 2982
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`(Probate)
`For your protection and privacy, please press the Clear
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