What is NOT the responsibility of a personal representative of an estate?

The role of a personal representative of an estate involves a range of responsibilities primarily focused on managing the estate's financial affairs after the death of the individual. This includes filing various tax returns that are required by the IRS to accurately report the income and assets of the deceased.

One of the primary responsibilities is filing the final individual income tax return, known as Form 1040, which accounts for the income earned by the deceased up to the date of death. Additionally, the personal representative must file Form 1041, which is the income tax return for estates and trusts if the estate generates taxable income after the individual's death.

Form 706, on the other hand, is the estate tax return used to report the estate's value for federal tax purposes when the estate exceeds a certain exemption threshold. While it is also a responsibility of the personal representative, it specifically deals with estate taxes rather than ongoing income.

When considering the original question about what is NOT the responsibility of a personal representative, the answer denoted suggests that none of these forms are excluded from the personal representative's duties, thereby affirming that it is indeed part of their responsibilities to deal with all these forms properly. This includes ensuring compliance with both income tax obligations and potential estate tax obligations as necessary.