Estates Made Simple
Welcome to the “Estates Made Simple” Podcast, hosted by Gordon VanderLeek, a licensed lawyer specializing in wills, estates and trusts, and Jenna Carvalho, an estate and trust consultant with over 10 years experience helping families secure their assets and plan for the future. We are a bi-weekly podcast that discusses the complicated and often confusing world of estate administration. Our goal is to provide you with the insight, knowledge and resources to help you navigate this complex process. Every episode we bring our unique perspective to provide listeners with unbiased information and practical tips to ensure success and mitigate risk. Even if you are not an executor, there will be topics of interest as you consider planning options for your own estate. Join us for helpful tips and important information on navigating estate administration so you can achieve peace of mind as an executor or administrator.
Estates Made Simple
Common Executor Questions
Common Executor Questions
Summary:
In this episode, we delve into some of the most common questions executors face. Whether you're an executor for the first time or looking to refresh your knowledge, this episode provides valuable insights and practical advice. They discuss the typical timeline for estate administration, the steps involved in administering an estate, and the potential risks executors should be aware of.
Tune in to learn how to navigate these responsibilities effectively and ensure a smooth estate administration process.
Key points:
- Typical timeline for estate administration is 18 to 24 months for a straightforward estate (factors that can extend this period, including complex assets, family dynamics, and tax situations)
- Common pitfalls: mismanagement of assets, misfiled tax returns, inadequate insurance.
- File for grant of probate
- Collect assets and manage estate accounts
- Locate the original will and assets/liabilities
Hosts:
Jenna Carvalho
The smartest way to choose an executor.
Guardian Estate Company
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Gordon VanderLeek
Give your family a legacy of protection - Wills, Estates and Trusts.
VanderLeek Law
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