This group of articles was created to maximize the value of a personal estate while minimizing the efforts by you or for the family, executor or conservator. This Multi-tiered approach to Estate Liquidation leaves the real property ready for SALE after generating maximum income from the personal property.
Yes, we are at the end of the project. Estate Liquidation – The Final Accounting offers some final thoughts:
- Be organized and make photocopies of everything, including sales and expense receipts, appraisals, and all relevant materials.
- Consider putting all sales and expenses in a spreadsheet for the convenience of your attorney or accountant.
- Keep a hard copy for yourself and give one to all other interested parties, including family members.
Outline of Headers for Spreadsheets
Global expenses for the project
- Postage and Insurance
Personal Property Expenses
Your original Inventory List can be expanded if originally created as a spreadsheet. The new columns to add (for tracking data and expenses):
- Sales Staff/Commissions
Preparation of Property for Sale Expenses
- Clean up
Life Events Coordinator/Personal Assistance Services –My niche and my passion is Supporting People In Achieving Success & Quality of Life, one project at a time. You are considering taking this project on, but you will need an assistant. I can be of support in creating a Timeline, deciding What to Sell, deciding How to Sell, investigate options for Selling to Private Buyers/Selling to the Public, coordinating Donations, support in Preparation of the Home for Sale, and support in Recording Sales and Expenses.
You will be making lots of decisions. I am that “GO TO” gal when you need to delegate parts of the project, such as: take photos of the entire inventory of personal items, locate venues for events, handle shipping or storage of items, provide local research of any type, in fact just about anything you can think of that supports you as the Estate Liquidator . This “GO TO” gal is also a Notary Public.
Books on the Topic
by Mary Randolph
by Theodore E. Hughes
by Stephen Christianson
by Charles K. Plotnick
by Holmes F. Crouch
by Theodore E. Hughes