Inventory and Appraise ALL assets

In our office we do a lot of trust administration and probate. This means sorting things out after death typically. Although in some cases it can also be inventorying assets in a conservatorship. One of the major steps is inventorying the assets. This means making a list of assets. Unfortunately a lot of times the trustee or executor does not realize how important it is to inventory all assets. Ok, sure we usually draw a line at some estimated dollar value. In some cases it’s $10, in some it’s $100, and in some it’s $1,000. A lot depends on the nature of the case, the people involved, and the type of assets. However, in general it’s good policy to list all items. This includes the obvious stuff like: real estate, bank accounts, stocks, bonds, business interests, life insurance (if
Read More
Call Us Today