Summary: 

In this episode, our hosts explore the critical insights they wish they could share with individuals who have created new wills before passing away. Drawing from their extensive experience managing hundreds of estates, they discuss common issues that arise during estate administration and offer practical advice for effective estate planning. 

The episode emphasizes the importance of organization, communication, and thoughtful planning to ensure a smooth estate administration process for executors and beneficiaries alike. 

Key points: 

• Keeping legal documents up-to-date is essential, but equally important is maintaining organized records of all assets, liabilities, and relevant information
• A well-organized estate simplifies the executor's role and reduces delays and costs associated with estate administration 
• Create and regularly update a comprehensive list of assets and liabilities, including credit cards, bank accounts, and other financial information 
• Ensure tax returns are filed and up-to-date to prevent additional burdens on the executor 
• Discuss estate plans openly with family members to avoid surprises and potential disputes 
• Clarify the reasoning behind specific decisions, such as the choice of executor and distribution of assets, to manage expectations and prevent misunderstandings 
• Provide the executor with all necessary information and resources to make their task as straightforward as possible.

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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