Phase Two: Asset & Liability Discovery

Phase Two involves identifying and locating all assets and liabilities belonging to the deceased person. These assets and liabilites include real estate, bank accounts, investments, personal property, and any outstanding debts. This is a crucial phase because identifying this information will uncover the tasks that need to be completed to marshal the assets to the estate (and ultimately distribute to the estate beneficiaries) or the named beneficiaries. 

Searching for this information can be difficult and time-consuming. At Trustate, we have developed instant search tools to assist professionals and the executors they serve to uncover many of the assets and liabilities associated with the decedent. You can learn more about our tools and technology here. 

‍