Finding and Securing an Estate’s Assets
No Unfinished Business Podcast Ep. 29: Finding and Securing an Estate’s Assets w/ Leah Del Percio
Probate is difficult, and collecting an estate’s assets can add to the headaches. We discuss how to mitigate this problem.
Asset Collection and Management to Make Probate Easier
As an estate planning and probate attorney, I know the challenges that come with finding and securing assets for a loved one’s estate. This week, we sit down with Leah Del Percio, the founder of Trustate, to discuss the ways advisors can make their clients’ assets easier to find and manage for their families.
We dive into the complexities that arise when individuals pass away, leaving behind an array of assets and liabilities that often fall to their loved ones to organize. With the increasing digitization of our world, the task is only getting more difficult.
Leah outlines the mission and vision of Trustate, which aims to discover, retitle, and close out accounts of the deceased, taking the heavy burden off the grieving family members.
Next, we discuss common misconceptions surrounding estate planning and probate, emphasizing that an estate plan goes beyond simply drafting a will or trust. It’s about laying out a comprehensive plan that goes beyond mere documents and organizes the assets and liabilities in a way that eases the transition process for the beneficiaries.
We share personal experiences and delve into the intricacies of probate, estate administration, and the challenges that come with these processes, especially when there are issues with an original last will.
Lastly, we get into detail about the importance of communication and coordination among estate attorneys, CPAs, wealth managers, and other professionals in ensuring a smoother and more efficient estate planning and execution process.
This episode offers valuable insights for anyone involved in estate planning, whether they are professionals in the field or individuals seeking to better understand and prepare for their own future estate needs.
Find Leah at https://www.trustate.com, or on LinkedIn at https://www.linkedin.com/company/trustate/
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