As an executor, your responsibility is to identify all assets. One of your first priorities will be to locate and secure the belongings and finances of the deceased person to prevent any loss or damage. These assets may include bank accounts, real estate, investments, insurance policies, and valuable items such as jewelry and artwork. The […]
An Estate Executor’s Financial Challenges:
Estate Assets Read More »
An estate executor is responsible for managing the estate’s finances. This includes opening a bank account specifically for the estate and collecting any money owed to the deceased, paying ongoing expenses like taxes, utilities, and property insurance, as well as debts, and keeping detailed records of all financial transactions. Here are some situations we’ve encountered
An Estate Executor’s Financial Challenges:
Debts, Bills & Banking Read More »
Whether a decedent has a sizable estate or not, there are times when checks come in that have no home. If the decedent’s assets were not held in a trust, then bank accounts are effectively frozen at the owner’s death. Checks that arrive after someone dies can raise questions about what to do with them.
An Estate Executor’s Financial Challenges:
Checks Received After a Death Read More »
If you’ve been appointed to be an estate executor, your job is to manage the estate’s financial affairs and carry out the deceased person’s final wishes. This a significant responsibility that involves a fair amount of organization, careful attention to detail, and good communication skills. For more than two decades, Eddy & Schein Group has
An Estate Executor’s Financial Challenges:
The Basics Read More »
