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Nine Month Timeline for Settling an Estate - Month One
- Month Two
- With your probate attorney, file the Will.
- Make a list of all creditors and contact them. Let them know you will be handling their claims.
- Month Three
- Bring bills, a creditor list, a list of property for sale, and an asset list to your accountant of choice.
- Inventory any safe deposit boxes and look for instructions concerning hidden assets.
- Provide informational updates to beneficiaries.
- Month Four
- Month Five
- Month Six
- Updates should be prepared and delivered to beneficiaries concerning preliminary accounting and inventories.
- Close out creditor claims.
- Month Seven
- With the Attorney and the Accountant, review any and all pending issues.
- Assure that bills are all paid.
- Provide any alternative valuations for specific assets. If you are unsure, get multiple opinions on high-ticket items. Assistance can be found here.
- Month Eight
- Month Nine
- Initiate asset distribution to beneficiaries.
- File a petition for discharge.
- Close the Estate.
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