The Executor System That Makes Probate Much Easier | Estate Accounts Explained

Get the Estate Accounts Toolkit here: https://www.probatesupporthub.co.uk/p... Use code ESTATE20 for 20% off. If you’re an executor dealing with probate, estate accounts can make the whole administration much easier to manage — especially if you start them from day one rather than trying to reconstruct everything at the end. In this video, I take you through a fictional estate step by step and show you how I use estate accounts as a working system throughout the administration. CONTENTS 00:00 Introduction 00:36 Day-One Accounts 01:30 The TRACE Method 02:38 The Estate Accounts Toolkit 04:16 T — Take Stock 07:44 R — Record Receipts 09:34 A — Account for Payments 12:50 C — Capture Distributions 15:08 E — Examine What’s Left 16:15 Does the Estate Cash Reconcile? 18:28 From Working Accounts to Final Estate Accounts 19:50 Final Estate Accounts You’ll see how to keep track of assets, money received, debts and expenses, beneficiary payments, residue remaining and estate cash — and how all of those records build into the final estate accounts. ABOUT THIS CHANNEL I make practical videos for executors and families dealing with probate and estate administration in England and Wales, with a focus on making the process clearer, more manageable and easier to follow. IMPORTANT This video is for general information and educational purposes only. It is not legal, tax, financial or accounting advice. Every estate is different, and you may need professional advice depending on your circumstances. #probate #executor #estateadministration #probatehelp