When a loved one passes away, it is normal to feel overwhelmed by the high volume of pragmatic matters that must be addressed. Remember that your loved one chose you as their Successor Trustee because they trusted you to carry out their wishes. You can do this!
Because of the many responsibilities you have as a Successor Trustee, it can be helpful to usea checklist to ensure that all tasks are completed. Everything does not need to be done at once! This step-by-step checklist will help you track common tasks that often must be done after a Settlor dies.
Note: This list does NOT include the detailed steps of administering a Trust. That information can be obtained when you retain an experienced Estate Planning attorney. This information is intended solely for the purpose of education and should not be construed in any way to represent an attorney-client relationship between Richard T. Woods, Attorney atLaw, and the reader.
Someone named in a legal document to inherit money or other property. Wills, trusts, and insurance policies commonly name beneficiaries
No. The term "estate sale" does have a fancy ring to it, but they are not just for the extremely wealthy. All types of items are sold at "estate sales" from jewelry, cars, clothing to an old wrench. Estate companies sell everything, but the house. I will help you sell the house.
No, most companies charge a commission for their service with no confusing formulas or employee fees. Some companies will take the first $2,000 -$3,000 of the sale proceeds to cover their employee costs. In other words, the company gets 100% commission for their specific agreed upon monetary portion of your sale.
As far as preparations a good idea would be to select the items you want to keep and this will allow the company to view all items and evaluate what we can sell during the sale.
Well, they should be! If not move on to another company. This provides you with the additional peace of mind that comes along with dealing with an insured and bonded company.
This is a good question to ask each company you talk with. All companies are different.
Most companies offer online auctions. Often a traditional estate sale (in home) is not the right fit for a variety of reasons such as HOA regulations, lack of parking, client privacy concerns, etc. When these situations arise, online auctions are a great alternative.
Contact: Carol Novack-Owner
Contact: Yahnn Kraveichvil
Gary or Blanca - Owner