Creating a Comprehensive Asset Record for Estate Settlement

Create a comprehensive record of all assets, fostering transparency and trust among family members.

Valuation of Assets:

• Determine the monetary value of each asset, vital for probate proceedings and tax purposes.
• Professional appraisal is necessary for high-value items like real estate, vehicles, and artwork.

Locating Assets:

• Seek evidence of assets in documents, such as contracts or statements.
• Check safe-deposit boxes, storage units, mailboxes, and digital files.
• Gather information from family, friends, and trusted advisors, such as lawyers or accountants.
• Review federal income tax forms or 1099s for leads.

By following these steps diligently, you can effectively manage your loved one's assets, ensuring a transparent and informed estate settlement process.