Description

Summary:

In this episode, we delve into the crucial topic of managing and investing estate assets. As an executor, it's not only about identifying and preserving these assets but also about responsibly growing and protecting their value. We explore the challenges, responsibilities, and considerations involved in making prudent investment decisions for the estate.

This episode emphasizes the importance of investing assets responsibly to maximize the estate's value and meet the expectations of beneficiaries.
 

Key points:

• Executors must first identify and preserve all assets, ensuring their safety and proper insurance coverage.
• Executors must adhere to a prudent investor standard when making investment decisions.
• Careful consideration must be given to how assets are invested based on their nature (business, digital, real estate, stocks, bonds).
• A prompt distribution of assets to beneficiaries can mitigate the executor's risk in managing investments over the long term.
• Seeking input from beneficiaries can provide insights into their preferences and expectations regarding the investment portfolio.
• Understanding the beneficiaries' needs can influence investment decisions and administration strategies.

Hosts:
Jenna Carvalho
The smartest way to choose an executor.
Guardian Estate Company
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Gordon VanderLeek
Give your family a legacy of protection - Wills, Estates and Trusts.
VanderLeek Law
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