EstateExec simplifies one of the more
burdensome
aspects of estate administration and settlement
SAN JOSE, Calif., May 16, 2024 /PRNewswire/ --
EstateExec™, the leading online software for estate
executors and their lawyers, has enhanced its easy-to-use estate
software to automatically handle accounting requirements in
jurisdictions that require tracking asset carry value, such as
California and Virginia.
"While the details of this announcement may sound arcane," says
Dan Stickel, CEO of EstateExec,
"every person who dies must have his or her estate settled, and
California, with more deaths per
year than any other state, is among a handful of jurisdictions that
require a specialized accounting approach that focuses on a concept
known as carry value. Fortunately, EstateExec now automates this
probate accounting, simplifying one of the more burdensome aspects
of estate administration for a sizable portion of the country's
population."
Overall, EstateExec assists with estate settlement via
automatically customized step-by-step guidance (including
links to relevant statutes for detail-oriented users), along with
integrated accounting and reporting (including automatic download
and categorization of estate account bank transactions).
Consumers, lawyers, and financial professionals benefit from
EstateExec, and once an online estate is created (either before or
after the death), users can share access with others as desired
(e.g., co-executors, paralegals, accountants, clients, etc.).
The "final product" of an estate settlement is usually an estate
accounting report, which can be tedious to create for a
professional, and outright confusing for a layperson… even for
small estates.
While EstateExec has long simplified this accounting for most
jurisdictions, some jurisdictions, such as California and Virginia, require specialized reporting.
Most states focus probate accounting on estate assets and debts,
and what happens to those items throughout the course of estate
administration. A few jurisdictions, however, such as
California and Virginia, focus instead on the actions of the
estate executor, emphasizing the so-called carry value of assets
more than their market values. EstateExec now offers
automated reporting support for such jurisdictions, requiring
almost no additional effort for users – the software takes care of
it all, automatically.
EstateExec is free to try, and costs only $199 (one-time fee per estate), with volume
discounts available. Professional organizations can also manage all
their estates via the included estates dashboard.
ABOUT EstateExec: Based in Silicon Valley, EstateExec is
the leading provider of software for estate executors and their
lawyers, and was named Best Executor Software in North America last year. EstateExec is
revolutionizing the way estates are administered and settled,
making it easy to manage, calculate, and finalize. For more
information, visit www.EstateEstate.com/for_lawyers.html.
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SOURCE EstateExec