A couple of years ago I got a phone call while I was on vacation from the grandson of a family friend. He had bad news… his grandmother … and my friend… had passed away. I had never met her grandson and I suddenly realized why he was calling… a promise I had made years before to his grandmother to handle her estate.
I was suddenly thrown into a role I didn’t understand or have experience – a manager of assets, real estate and financials with the responsibility of dissolving and distributing. It was a tough job and there wasn’t an easy checklist to follow. In many cases I was a detective trying to figure out where assets were or if they even existed.
Topics we covered:
- What is an administrator and/or executor of an estate?
- First steps (and second steps)
- Pitfalls to avoid
- Medical power of attorney
- What you can do in advance to help your family administer your estate
(There were more but you need to watch the video!)