I stumbled across this informative MarketWatch article by Bill Bischoff entitled "Sorting out a loved one’s estate is more work than you think — how to simplify the process” and thought I’d share.
Some of the things he explains in the article:
- The role of the executor
- How to determine if you need a “professor" executor?
- If you decide to be the executor, he lists some of the skills you will need.
- Determine if the estate must go through probate. (Hopefully Not!)
- You’ll need to get a death certificate. (Get at least 5 originals)
- Married couple’s revocable trust probably needs updating (If applicable)
- Selling a high-end home. (If applicable)
- Miscellaneous other items.
To read the entire article, clink on the web link below:
Source: MarketWatch online: https://www.marketwatch.com/story/sorting-out-a-loved-ones-estate-is-more-work-than-you-think-heres-how-to-simplify-the-process-2019-09-03
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