topic | organize finances and pay bills
The executor is responsible to creditors and beneficiaries to make sure that finances are maintained. Organizing estate finances can be challenging, but paying bills and maintaining appropriate records is an important part of maintaining the estate. This protects the value and integrity of the estate. All financial transactions should occur through the estate checking account established in the Topic: Gather Information and Make Notifications.
Managing your own finances can be challenging! We will walk you through the necessary actions to manage the finances of the estate. We'll provide organization and offer simple, step-by-step activities that will allow you to organize your loved one's finances with ease.
|Step 1:||Consolidate Bank Accounts|
|Step 2:||Pay Bills for the Residential Property|
|Step 3:||Pay Bills Associated with Rental Properties|
|Step 4:||Pay Bills for Vehicles|
|Step 5:||Analyze Security Holdings|
|Step 6:||Pay Miscellaneous Bills|