Estate handling approach – “Begin With the End in Mind”
When I represent someone who is about to become a Fiduciary (Executor or Administrator) of an Estate, I always talk about “how an Estate finishes”. Like many things in life, if you know where you are trying to go it is easier to make a good plan to get there.
Not every State handles “estate completion” the same way. There are two basic approaches: mandatory accounting vs non-mandatory accounting.
In a mandatory accounting State, some…