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How to Settle an Estate Peacefully and FairlyLike any game, in order for The Settlement Game to be fair, all participants (heirs) must know and agree upon the rules, and then all must play by them. In the 'game' referenced within the system of organization taught in this book, there are four basic Ground Rules. These are so important! They will make a great difference in the final outcome of the Estate Settlement. Here is a list of these Ground Rules:1. Determine the 'players' - (Heirs Only - no spouses or other family members). 2. Commit to a Common Goal: (To keep peace within your family). 3. Do NOT remove anything from the home (or premises). Let everything go through the process of the 'settlement game'. 4. Establish a 'System of Organization'.This article will center especially on the 4th of the above Ground Rules. Establishing a 'System of Organization' will truly make the difference between an orderly transfer of property and utter chaos. Regardless of who is appointed 'Executor' - decide on the 'heir' who has the best organizational skills or business background to be in charge of this part. Appoint this person to be the official record-keeper for the entire process. (This may be - but does NOT have to be the Executor). Example: One sibling might be the Executor, but another may have better organizational skills. Therefore, they can create a method for 'joint' duties related to many of the items that needed to be handled.Next, acquire the necessary supplies for recording the information. This includes such items as a notebook, blank paper for recording notes and miscellaneous information and facts, pens and pencils (with good erasers), a small cash box, a petty cash receipt book and basic office supplies.It is extremely important that accurate records be kept throughout the process. The first essential record-keeping item to include is a quality appraisal. Hire a professional appraiser to come in to make a list of every item that has any value and assign a dollar amount for each item. A good appraiser is worth a great deal in this process, so find one who is reputable and ethical. Ask for quality recommendations from legal counsel or from financial planners or others whom you trust. Get references - and BE SURE TO CHECK THEM! Everything depends on this appraisal, so take the time and spend the money required for this. (NOTE: You may be surprised at the results. Sometimes you will discover items with greater value than you might have expected).There are other similar steps in the record-keeping process. One thing to remember is to approach the entire process as a major 'cleaning-out' extravaganza. Tackle one room at a time and go through everything - every drawer, cabinet, closet, box, etc. The process of cleaning up creates a lot of true 'trash'. However, REMEMBER THIS: Don't throw anything away until all agree that it is truly "trash". Just about everything has value to someone.Naturally, there are many other miscellaneous steps in the 'System of Organization' related to the division process of an estate settlement. Above all, keep this in mind: This is a golden moment in timetreasure itmake it countit is forever! Make sure you follow a system of organization that teaches you “How to Settle an Estate Peacefully and Fairly.”
Article Source: http://www.content.onlypunjab.com
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Angie Epting Morris, author of THE SETTLEMENT GAME: How to Settle an Estate Peacefully and Fairly, is considered an expert on how to keep peace and avoid conflict when dividing furniture and personal property of an estate. Foreword to her book was written by Judge Griffin Bell, former U.S. Attorney General. For more information about Angie, her advice or to get her Free Report and other Estate Settlement Tips, go to www.peacefulsettlements.com
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