Executors faced with considering estate liquidation options will quickly find that it is their most time-consuming administrative task. Executors who don’t perform their duties could be removed from office by the Probate Judge, so it is important that they single-mindedly pursue disposing of the estate’s property so that the bills can be paid and the estate settled.
What you’ll get from this series of posts:
Executors have three main estate liquidation options, and I will discuss the pros and cons of each in the next several posts. The options are: Estate Tag Sale, Estate Auction, and Consignment. Any company chosen to liquidate an estate should be vetted; I will tell you how to do this conscientiously, and I will also propose the best liquidation method. I assume that the twin liquidation goals of the Executor are to achieve the greatest cash benefit to the estate and to leave the house broom-clean so that it can be sold. Of course, there are ways to maximize the cash return for each type of sale, and I’ll tell you what they are.
Investing ten minutes into reading these posts could save an Executor many hours of work:
Originally posted 2011-03-10 10:44:00.