As mentioned in the article Closing the Estate: Send Assent Forms to Close the Estate, distributing all the funds in the estate account was necessary to close the estate.Unfortunately, after the final distribution, the $5000.00 estate reserve was still part of the estate account. Most commonly, they take the form of multiple choice questions, where respondents choose from a set list of answers. You want them to keep up with you so that there are no regrets from either party after the deal is closed. #8 - Provide Certified Copies of Probate Orders to All Financial Institutions. You should look at your copy of the will. ... Related Questions. While these questions seek more information from the source and are answered in the prospects own words, close-ended questions lead to specific answers, like a yes or no, or a multiple-choice option. Kindly and carefully phrase questions in a way that’ll elicit a specific response. Be upfront with them so that they know you’re serious, and you know that they’re serious about doing business with you. News 10.3.2020 13:42 | updated 26.12.2020 0:21 Coronavirus latest: 201 new cases, Covid exposure in Vuokatti This article brings you the latest updates on the novel coronavirus pandemic in Finland. Only authorized individuals will be provided information related to a taxpayer. Asking them at the wrong time will kill the conversation. My question is - Is the money hers or is it still legally suppose to be divided amongst myself and her -the children. 1. Here is an example of a close ended question for a sales rep that does not need a “yes” or “no” answer. Yes-No questions likely make awkward and short conversations. (Some states require the executor or personal representative to provide an affidavit explaining what is causing the estate to stay open for so long.) Ask Login. Learning: ask open and closed questions, and use probing questioning. MY LIST 0. In case you’ve not had the opportunity to write down your open-ended favorites, here are 30 of ours. Pro tip: Pair closed-ended questions with open-ended ones to better understand and address your quantitative data. It brings conversation gradually to a convergence on a single point or … Depending on the type of property you plan to buy, the location, the age of the property, and what your intended use is, there is a great deal of specific and important information you should know. With the answers you are given, not only will you thoroughly plan out a great strategy to close the deal, but you can make sure the client is happy with the end results. Relationship building: people generally respond positively if you ask about what they do or enquire about their opinions. An estate tax closing letter, however, is not a formal closing agreement and, as section 5 of Rev. Where do these vehicles fall on the risk spectrum? The personal representative might have closed the estate without properly distributing all assets to heirs or beneficiaries. Hi Chris! • Contact the heirs and beneficiaries and inform them of their shares. Bringing an estate to a close can be time consuming and complicated. 12 months ago. If you need advice, give us a call and we will be happy to discuss your situation. (I'm global kids' virtual community manager.) Closed end questions should be used to clarify and direct the conversation. closed estate. While we've suggested wording here in this article, feel free to use the concepts, but make the wording your own when you ask the questions. If so, you can petition the court to reopen the estate. The first blank is easy enough, but I am not sure how to fill out the second space. Home » Blog » Tips » 5 Close Ended Questions for Sales You Want to Land. Once a probate administration is completed and the estate becomes a closed estate, one would hope that it marks the end of the process. If the account earns interests, it may be advisable to move the money to non-interest earning account to avoid paying taxes on that interest. If the executor is having trouble selling the property by listing it, the beneficiaries can file the motion to compel and ask the judge to order the property sold at absolute auction to settle the estate. You don’t want to sell them something if they aren’t totally comfortable with the purchase. As mentioned before, close ended questions for sales are not limited to “yes” or “no” answers. Get started Ask an Estate Planning Lawyer a Question You'll hear back in one business day. Homes for Sale; Open Houses; Recently Listed Homes; Recently Price Reduced Homes; New Construction; Lots and Land; Luxury Homes; Foreclosure Listings; Search by Map; Search by Drive Time; Search by Property Type. Executor says the case can not be assumed by another lawyer? Small Business Sales Training: Learning how to ask open ended questions at the right time can lead the sale closer to buying. They’re in the market and are shopping around for a business that offers better services. In addition to collecting the assets, the executor or personal representative pays the debts and taxes. Will or No Will When someone dies, an estate proceeding is necessary if the person owned separate assets without designated beneficiaries. If open ended sales questions are a way to get to know your customers in a general sense, then with close ended questions for sales you’ll get right to the point. But, open-ended questions shouldn’t be used at the exclusion of closed-ended questions. My brother died this March. To sell your home, the real estate broker will want a listing agreement signed. Some people who are unfamiliar with the process may think that an executor or personal representative can collect and distribute assets within a short period of time. Thought I might give a shot to some of your answers, as I've been dealing with these questions for a number of years now. Closed-ended questions typically start with a verb like “are”, “is”, “did”, etc. Buyers aren’t the only ones who should be asking questions during the buyer interview. Contact a qualified estate planning attorney to help you ensure that … The sales sense springs from real estate, where closing is the final step of a transaction. Close estate account and pay any final expenses. This includes paying off debts, filing final tax returns, and, finally, distributing the estate's assets according to the wishes of the deceased. While they mostly have “yes” or “no” answers, other close ended questions can provide your customers with a couple of options. It can take time to sell certain assets, if necessary. P: 480.345.0500    |    F: 480.345.7756       Â. Are they shopping around with your competitors for the same service? As well, expect questions designed to find out what certifications and licenses you have. You’re giving them just enough options to answer the question. If beneficiaries refuse, the executor is free to file a Formal Accounting. Hey WSO,. Distributing the Assets Estate Planning: Answers to Common Questions; ... Estate planning can be complicated and may require the assistance of an experienced estate planning attorney. 500 N. Juniper Drive, Suite 275, Chandler, AZ 85226    |    8665 E. Hartford Drive, Suite 115, Scottsdale, AZ 85255 For example, some people die owning businesses, multiple homes, cars, or boats, or unusual assets, such as airplanes. The best sellers use a mix of open-ended and closed-ended questions to conduct a thorough needs discovery, touching on a number of different topics. When someone dies, an estate proceeding is necessary if the person owned separate assets without designated beneficiaries. In both cases, the opening of an estate is done through the local probate court. There are a plethora of articles (like this one) designed to help clients find the right agent, but there a I am co-executor with my brother on my father's estate in North Carolina. i am not sure why this is necessary. Which of these five questions did you find most useful? SMH! Behavioral questions are also common - these focus on how you would handle a future situation.