How to Wind up an Estate
Pay executor fees.. Write a statement showing the list of assets and a distribution plan.. Close the estate's bank account.
Steps
1
Pay executor fees.
Pay executor fees.
2
Write a statement showing the list of assets and a distribution plan.
Write a statement showing the list of assets and a distribution plan.
3
Close the estate's bank account.
Close the estate's bank account.
4
Settle tax obligations.
Settle tax obligations.
5
Prepare to apply for a clearance certificate.
Prepare to apply for a clearance certificate.
6
Apply for a clearance certificate.
Apply for a clearance certificate.
7
Wait to receive the clearance certificate.
Wait to receive the clearance certificate.
8
Distribute assets to beneficiaries.
Distribute assets to beneficiaries.
9
Request signed releases from each beneficiary.
Request signed releases from each beneficiary.
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