The Smart Way to Organize Your Aging Parent’s Information

We understand. Caring for an aging parent is emotional, time intensive, and uncertain. You want to make choices that best align with your parent’s wishes while keeping peace in the family. Often times, that means providing your parent’s important information at a moment’s notice.

Adult children who are caregivers today are likely to be executors in the future. When someone dies, an executor (personal representative in some states) is designated either through a will or court appointment. As “CEO of the afterlife”, it is the executor’s responsibility to manage virtually all aspects of the estate settlement process.

Duties of an executor or personal representative typically include:

• Security and care of the family, including attending to immediate financial needs.
• Assistance in funeral arrangements and organ donation, if appropriate.
• Interpreting the will and trust agreements, or presiding intestacy laws.
• Identifying, collecting and protecting the deceased’s assets.
• Determining which assets must be probated and which can be transferred directly to named beneficiaries.
• Managing any existing real estate, businesses, and investments until the estate is settled.
• Notifying the deceased’s creditors and settling their claims.
• Filing all of the estate’s and decedent’s federal and state tax returns.
• Paying the deceased’s taxes and other expenses.
• Distributing the remaining assets to the beneficiaries according to the terms of the will, or state law (if intestate), or trust agreements.
• Providing a complete and accurate accounting of all financial transactions.

EstateLogic – The Caregiver’s Tool to Manage Today’s Information and Tomorrow’s Transition

Serving as an executor is often a daunting and time-consuming task, even for sophisticated individuals. This is especially true when the estate is spread across different states, and beneficiaries are scattered across the country.

The good news – as a caregiver, you may already have a lot of your parent’s important information. Let EstateLogic be your guide in making it more accessible. Along the way, we’ll help you ensure that you have the right information. Work collaboratively with your loved one to gather and store financial, legal and personal information all in one safe, secure online location. Whether you live next door or across the country, you’ll have access whenever you need it, making your role as caregiver today and executor tomorrow easier. We stand ready to help.

Learn more about EstateLogic’s features and benefits.