Chapter 7
Marshalling and Liquidating Assets
IN THIS CHAPTER
Figuring out what the decedent owned
Taking stock of the big-ticket possessions and other assets
Keeping tabs on the household items and getting property appraised
Checking for employee benefits, insurance policies, and miscellaneous death benefits
Taking a probate inventory and selling what needs to be sold
Marshalling the assets brings to mind wonderful pictures of bank accounts, cars, houses, and the beautiful barometer on the wall all standing in an orderly line, just waiting for you to acknowledge and count them. As the executor of an estate, your first job is to marshal the assets — to determine what exactly the decedent owned on the day that he or she died. In this chapter, we discuss step by step the best ways to search for each type of asset. Your ease in finding all the assets depends, to some degree, on how well you knew the decedent (for the more obvious assets) and on the decedent’s state of mind at the time ...
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