When Caesar was assassinated in March 44 BC, Pedius was named one of Caesar's heirs in his will. Like his cousin Lucius Pinarius, he was to receive one eighth of Caesar’s estate, but he renounced the inheritance in favor of Caesar’s main heir, Pedius' cousin Gaius Julius Caesar Octavianus (the future emperor Augustus). In August 43 BC, Octavian and Pedius were elected as consuls after marching on Rome with an army.