Let the Records Show centres on ten basics steps relevant to financial record keeping requirements. Designed in a logical and progressive order, the Ten Steps will enable the attorney or estate trustee to approach the tasks associated with financial record keeping with efficiency and a minimum of stress
Steps 1 through 5 are administrative in nature, concerned with the need to gather information and inform various third parties.
Steps 6 through 9 identify actions required with respect to financial decisions and the required documentation of financial activities undertaken.
Step 10 concludes with the final administrative task of communicating with the grantor and/or their attorney for personal care, substitute decision maker, supportive family members or friends on a regular basis.
By following these steps, you will be on your way to effectively and efficiently fulfilling your role as attorney with minimal stress!
Ten Steps to Carefree Record Keeping
Step 1â€”Obtaining the Power of Attorney Document and Will
Step 2â€”Making an Inventory and Gathering the Information
Step 3â€”Safety Deposit Box(es)
Step 4â€”Past Tax Returns
Step 5â€”Informing the Businesses
Step 6â€”Bank Account Amalgamations
Step 7â€”Arrangements Outside the Activity of the Bank Statements
Step 8â€”Cash Management Decisions
Step 9â€”Keeping Track of Cash In/Cash Out
Step 10â€”Review of Activity with the Grantor and/or Grantorâ€™s Representative
Click here to see the Ten Steps Flow Chart