You've Written Your Will - But Is Your Executor Ready?
SILICON VALLEY, Calif.,
"Everyone knows you should write a will," says
EstateExec commissioned the seminal study on the work required to settle an estate, which includes court interactions, financial accounting, notices to a variety of people and organizations, debt resolution, estate sales, distributions to heirs, and more. One of the key findings, unsurprising to anyone who has actually served as an executor, is that on average it takes 570 hours of work to settle an estate, over a 16-month period (and sometimes years).
EstateExec offers software for estate executors and probate lawyers that can help simplify this process, providing step-by-step guidance automatically customized for the details of the estate, as well as integrated estate accounting.
While EstateExec's customized guidance already did a good job reducing first-time executors' uncertainty and stress, there could still be a fair amount of difficulty in figuring out the details of the estate in the first place – its assets, debts, ongoing services, current bills, ownership certificates, form of ownership, cost bases, etc.
In some cases, thoughtful and organized individuals have tried to independently document some of this information in advance, but while these efforts have been laudable and certainly helpful, this kind of documentation doesn't easily transition into anything that then helps the executor actually settle the estate.
The newly announced EstateExec capabilities seamlessly integrate this kind of preparatory work with the actual settlement process. When someone first starts using EstateExec, if they are the estate owner or the owner is still living, the initial tasks suggest a variety of information it would be helpful to collect now, while the knowledge is readily available…and enter it into EstateExec. It's easy! Then when the owner eventually passes away, the executor can log in and pick up the process from there, with everything at hand and automatically incorporated into EstateExec's reports and processes (already included).
EstateExec is free to try, and costs only
ABOUT EstateExec: Founded in
Media Contact:
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SOURCE EstateExec
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