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For lawyers and paralegals......
Am just wondering if when the will is read of the wishes of the deceased, an option is given for either the lawyer to liquidate the estate or for the benificiary(ies)? This is what we were offered but of course I elected to have the lawyer wind up the estate. Do any benificiaries actually do the windup themselves? If so what paperwork does the investment co./bank need in addition to the death certificate. Just really curious!
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10-12-2012, 08:32 AM
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Join Date: Oct 2005
Location: Anywhere but there
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I believe the executor would also require a Letter of Authorization from the registrar of wills. Beyond that, it is a pretty heavy load of accountability paperwork that is required.
Mike |
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10-12-2012, 08:35 AM
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Join Date: Jun 2005
Location: Hamburg & Vancouver
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Please spend an hour with an estate lawyer. It will be money well spent.
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_____________________ These are my principles. If you don't like them, I have others.—Groucho Marx |
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10-12-2012, 08:41 AM
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Yep, from my one experience, pulling the information together is not that tough; the hard part is the lack of assurance that you've got it all covered.
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10-12-2012, 08:45 AM
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Location: Magnolia State
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Not sure I understand the question. Are you talking about closing the estate and distributing assets or?????
Typically a final order is pepared by the executors attorney closing the estate, distributing assets and discharging the executorransferring the assets t. at that point its merely a matter of ministerial transferr of the asset. E.g., dad leaves you his car and it is directed by the final order. You take a copy of that order to the state agency responsible for car titles and they issue a new title transferring it to you. Are you talking about liquidating assets of the estate prior to distribution to the beneficiaries?
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Jim 1987 Carrera 2002 BMW 525ti 1997 Buell Cyclone cafe project 1998 Buell S1W: "Angriest motorcycle I've ever ridden." Last edited by Dueller; 10-12-2012 at 09:32 AM.. |
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10-12-2012, 09:27 AM
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Lexus RX350
