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Perspectives
Post-mortem considerations
Keeping a complex process focused
Effective post-mortem administration responds to the estate’s unique mix of assets, liabilities, and family considerations.
Post-mortem considerations
For the families and beneficiaries of high-net-worth individuals, settling an estate can be quite extensive, beginning with the process of gathering and determining the value of assets and ending—often many years later—with the distribution of assets. The period in between, the post-mortem administrative period, often gives rise to complex tax, financial, and other considerations. Effective post-mortem administration responds to the estate’s unique mix of assets, liabilities, and family considerations.
The article discusses:
- How long it typically takes to settle an estate, and what, if anything, can the family do to expedite the post-mortem process.
- Some of the complexities that can extend the administrative period.
- How the presence of a family business can affect the administrative process.
- Some of the typical US tax concerns during the administrative process for an estate.
- Special considerations for periods of market volatility and loss.
This article offers a sense of what to expect during the post-mortem administrative period, including the factors that may complicate or simplify it.
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