QE’s estate accounting system allows you to record and update the status of the deceased’s assets and debts, estate bank and investment accounts, and cash or in-kind distributions to beneficiaries in one place.
You’ll need to update our current market value fields for assets and current balances on debts from hard copy or online statements provided by the various financial institutions or appraisers.
Our system does not track income, produced by assets or interest charged on outstanding debts. These values are reported on financial statements. You’ll need to create your own records for income generated by assets that don’t come with statements, such as rental properties. The estate accountant will need income and interest values for tax reporting.
Having a record of the assets and debts to present to the accountant should save the estate big dollars in fees.
Using our system is not as complicated as it sounds. Let’s get started.