A client approaches Spinelli Financial Advisors seeking guidance as the executor of his deceased family member's will. They are beginning to feel overwhelmed with responsibilities such as probating the will, taking inventory of assets, paying taxes, paying bills, consolidating accounts, retitling assets, and distributing assets according to the provisions of the will. They want to ensure that the estate is settled properly and that they are not held financially responsible for any mistakes.
The Spinelli Plan
We would set up initial meetings to locate and probate the will. We would then proceed to navigate all accounts to calculate the gross estate. We would ensure all necessary taxes are paid, debts are settled, and assets are distributed to beneficiaries accordingly. We would also create and notarize statements of release and refund for all beneficiaries, in order to protect the executor financially.