Understanding Probate

End of Life Management Toolkit #3 | by Team Passare and Robert L. Shepard

Executor Checklist for the Probate Process
Locate the will, estate plan, life insurance policy or trust
Determine beneficiaries
Take an inventory of the deceased’s estate:
Financial
Beneficiaries
Executors
Trustees
Guardian
Others
Digital
Real Property
Determine guardian(s)
Have a conversation with all contributors including:
Obtain at least 5 death certificates
Determine whether an attorney will be necessary
Determine next of kin
Take an inventory of the deceased’s estate:
Financial
Beneficiaries
Executors
Trustees
Guardian
Others
Obtain at least 5 death certificates
Determine whether an attorney will be necessary
Determine next of kin
Made a list of debts
Loans (student, car, other)
Mortgages (first, second, etc.)
Child support
Others
Rent
Mortgages
Insurance
Utilities
Final bills to be paid once probate is complete:
Taxes
Credit card bills
Medical bills
Cancel:
Credit cards
Prescriptions
Utilities or transfer account to surviving spouse or next of kin
Mail
Subscriptions
Cancel online accounts such as:
Divide final personal property not included in the will
Sell final unclaimed property through online platform, estate
sale or donate to charity
Amazon
PayPal, Square, Dwolla or others
Ebay
Email
Social Media
Entertainment
Others
Divide final personal property not included in the will
Sell final unclaimed property through online platform, estate sale or donate to charity
© Copyright 2017 Passare, Inc. All Rights Reserved.