How to Handle an Estate
When someone dies, their estate must be cleaned out and distributed to the appropriate beneficiaries. This can be a difficult process, especially if you are not familiar with the legal procedures. This blog post will walk you through the steps necessary to clean out an estate. We will provide information on who should be notified, what needs to be done tax-wise, and how assets should be distributed. Let's get started! 1. Gather All the Pertinent Information The first step is to gather all pertinent information about the estate. This includes the name of the estate, contact information for the executor or personal representative, social security number of the deceased, etc. Make sure to get all of this information before moving on to the next steps. If you are not familiar with some of the terminology, don't worry! We will explain everything as we go along. 2. Notify Creditors of the Estate The next step is to notify the creditors of the estate. This is important because they ma...