Jun 29, 2022

Sometimes the small personal effects can have a big impact. It may be the irreplaceable keys to the loft, the invaluable smartphone, or treasured photos in the wallet.

What are personal effects?

They are usually personal property; items of particular significance that are carried or worn. These can be wallets, jewelry,...

Jun 22, 2022

Today we describe some real-world examples of mistakes made by non-professional executors dealing with probate real estate.

Making it personal with tenants

Often times, a non-professional executor is a family member or friend who has too much history with the tenants.

For example, one of our executors helped the...

Jun 15, 2022

When someone passes away, it is the executor’s job to gather the decedent's assets. What are the Bitcoin wallets executors may overlook? We’ve discussed how to look for common bitcoin key storage (Episode 253 3 Steps When a Bitcoin Owner Dies), such as hardware wallets, software wallets, and seed phrases. But a...

Jun 8, 2022

Business valuation is tricky even under the best circumstances. And the probate process adds a few more twists.

Not turnkey

The first twist is that you are probably not selling a turn-key business. Some people come to us with valuation approaches such as 1) Comparables (what similar businesses have sold for in the...

Jun 1, 2022

To my surprise, we keep getting calls from Solo Agers in California asking me to serve as their executor and trustee. Let's explain why this is surprising.

California is a leader of professional executors and trustees

I thought that California has a robust and developed industry of professional executors. For instance,...