After paying off debts and other charges, Michelle's estate was valued at $9 million as of December 31, 2015, six months after the death of Michelle. Kearny is the personal representative of the estate. As of December 31, 2016, the value of the estate had decreased to $6.5 million. Summarize the procedures involved in appointing a personal representative. What are Kearny's fiduciary duties and liabilities?