Trust Examiner School eBook

Estate

Estate Line Sheet

Account Name: Account Number:

Bank Name:

Exam Start Date:

Administrative Officer: Account Review Date:

Examiner:

Date of Appointment:

Capacity:

Date of Death:

Total Assets (MV):

Death Certificate on File?

Name of Legal Representative of the Estate: Ancillary Administration Required? (e.g. decedent owned property in another state):

Status of Estate Settlement - Describe the status of the following executor’s or administrator’s (i.e. the personal representative of the estate) duties: (Note: Depending on the status of the estate settlement, the institution may have performed some or all of the following duties) Initial Steps: Marshalling and inventorying the decedent's assets promptly after acceptance of appointment. Are there legitimate reasons why any estate assets are not in the institution’s control?

Locating and notifying beneficiaries and heirs. Notifying various parties of the person's death.

Publishing a general notice to all creditors.

Ongoing Administration: Appraising the decedent's assets.

Making claims on behalf of the estate.

Paying claims against the estate.

Distributing assets in accordance with the will or state intestacy laws.

Filing state and federal estate tax returns. Filing court accountings.

Closing Steps: Liquidating assets.

Obtaining receipts for distributions. Obtaining court approval for final distribution and settlement of the estate.

Describe any reasons for prolonged administration of the estate :

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FDIC 6350/45 (10-12)