Estate settlement in Fairfield County CT. Key points to consider - Part 1
The settlement of an estate does not require an advanced degree in physics. It does however, take a good deal of time an physical labor input. My discussion here refers to the actual physical assets involved in the estate settlement process: the estate "clean out", clean up and preparation. The house, the "stuff" that fills every square foot inside and the grounds surrounding the home. View part 4 here. View part 3 here. View part 2 here.
The first thing that must be done is: secure the property. You as executor or trustee may have no clue as to who may have been given keys to the home prior to the passing of its owner. You also may not have a clear picture of what exactly is in the house. If any item(s) went missing, you may never know. It never fails to amaze me what people are capable of. I am not just referring to neighbors and "friends" but also family members as well. I'm not accusing anybody here...well maybe just a little. When you secure the property immediately, there will never be a question or a chance for anyone to gain unauthorized access, short of breaking and entering. Potential problems immediately averted. Point #1: Change ALL the locks right away.
As I said, my discussion pertains to the physical assets. This in no way is intended to diminish the importance of the legal aspects of the estate settlement process. I do feel this is best left for the professionals. The crush of paperwork can be daunting. The federal and state imposed deadlines are serious issues. Believe me, paying for a good attorney is money well spent. Point #2: Get good legal advice/help.
Estate settlement in Fairfield County CT. Key points to consider - Part 1
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond
Believe me Peter...changing locks ASAP is a must...from personal experience I understand.
May 17, 2011 07:35 AM
Turning Point Estate Services LLC - Wilton, CT
Estate Dissolution and Preparation (203)388-8092 CT.
Ginny, This is why it is the #1 thing to be done. The most important task.
May 17, 2011 10:02 AM
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager
People are capable of anything when it comes to estates...changing the locks is a very important necessity.
May 24, 2011 02:11 AM
Turning Point Estate Services LLC - Wilton, CT
Estate Dissolution and Preparation (203)388-8092 CT.
Sharon, It is the only choice when presented with an estate transfer situation.
May 24, 2011 02:18 AM
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