topic | organize finances and pay bills

Step 5: analyze security holdings

For intangible assets such as investments, take reasonable steps to avoid a decline in value. The executor should be aware of their value, and shift investments as it seems prudent. Investments and Liquid Assets may contain helpful information. It is usually best to leave stocks and bonds in the name of the deceased until transferred to beneficiaries. Consider consulting a financial advisor if the securities are volatile and you need advice regarding their sale.

Deposit dividend or interest income, as well as money earned from the sale of securities into the estate checking account. Keep detailed records of all transactions. Securities that are named with a single beneficiary should be transferred as soon as possible to reduce or eliminate the executor’s responsibility for those holdings.

(if this Step is complete)
to Step 6

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