To make a combined Executors-Do List

I have the phone with Nancy. It feels a little overwhelmed. Her mother has just died, and Nancy was the executor of the estate of her mother. Nancy has a full-time job and her own family. Her mother lives in another state. Nancy can not see how it is time to have an executor, but their loyalty to their mother and their responsibilities towards their family, forcing them to step up to the plate and use the work done.

Nancy is in some difficult times. While stillDealing with the emotional loss of their mother, they have accumulated to her mother's house forty-five years memories empty. Everything in the house must be inventoried and assigned values. Their mothers and their fathers coin collection doll collection must be assessed. The inventory and assessments need to be submitted to the probate court. Real estate must be distributed to the heirs under the will. Then the entire contents of the house, the furniture,Appliances, linens, cookware, clothing, car, even the lawn tools must be sold, that the house can be ready for sale. If you generate both the title and non-title property, debts and taxes must be paid to settle the estate.

My job here is to understand executives like Nancy to help the big picture of what must be done to settle on an estate. Remember that I am not a lawyer or an accountant, and I'm not with legal or accounting advice. The informationI offer on my experience as an Estate Property Specialist based. If you have questions or concerns, my recommendation is to seek legal advice. A good estate lawyer is an advantage.

Let's start with an overview of the responsibilities of an executor. As executor, your first duty is to initiate probate, which is the formal process of proving the will and confirming your appointment as executor. The secretary of your county probate court, you can use the form suitable forYour county. My experience with the probate court clerk is that they are very helpful and to your wishes. Many of the dialogs that you need can be downloaded via the Internet in your state or community site.

Details and deadlines for the settlement of an estate vary from state to state. In general, there are 16 entries on your to-do list are available.

They are:

1. Locate the will
2. Apply before the Probate Court
3. Notify the recipient on behalf ofthe will
4. Determine the debts of the deceased
5. Arrange for the publication of "Notice to creditors" and e-mail a message to each known creditor
6. Send information to the persons death the office, utility companies, banks, post offices, and credit card companies
7. Collect any money owed to the deceased
8. Inventory of assets, assigning values and appraisals done, if necessary
9. Check with the deceased's employer for unpaid wages, insurance and other employee benefits.
10. FileSocial Security, civil service or veteran benefits
11. Copy of life insurance and other benefits
12. File federal and state tax returns
13. Pay valid claims against the estate
14. Distribute assets and obtain receipts from beneficiaries
15. File papers to complete the 16th Real Estate Get a lawyer or accountant, if necessary.

Do you need a lawyer or accountant? Technically, no. There is no law in force that states you need a lawyer or real estate taxesmust be performed by an accountant. But remember, taxes and probate court can be complicated issues. Error will delay the closing of the estate and the distribution of inheritances. A good lawyer and / or accountant is an advantage. Legal and accounting fees will be paid by real estate. My advice is after an experienced attorney probate court. Fees vary widely, so be sure to find out what the estate for legal services before an engagement will be billed.

I'll give you the same advice INancy was: Stay organized and you will be able to get through this. Find out what your appointments, and make a checklist to be made at the time. Prioritize your work and to dig based on a checklist will help you to control and minimize the impact on your personal life.

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