Updated: January 27, 2023
EstateExec walks the executor of an estate through the distribution and settlement process. This online app does all the number crunching for accurate accounting and allows for transparently sharing information with all family members. EstateExec saves estate executors time and money, whether or not they work with a lawyer.
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EstateExec is an online app designed to help the executor of an estate follow all the correct procedures according to legal timelines, with an interactive and helpful system of tools.
Taking on the estate executor or personal representative responsibility is no simple matter. Estate executors must follow a probate process, find all of their deceased loved one’s assets, pay outstanding bills and file income taxes. EstateExec is an online app designed to help the executor of an estate follow all the correct procedures according to legal timelines. EstateExec saves hours of time and money and follows each state’s law to ease estate administration.
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Start an estate plan by creating an EstateExec account, then answer questions about states of residence for you and the deceased. View a video overview of how to use the app and enter some basic information. EstateExec provides detailed information about estate financials, making distributions, determining heirs and all things related to managing the estate.
Select a topic from the left sidebar to read the information you need, or read the free Executor’s Guide to see how this process flows. The very top navigation provides access to your estates, the guide and tech support. Use the data input tabs located just below the top navigation to enter information about yourself, heirs, the deceased, assets, distributions and more.
The Timeline section organizes tasks by the first week, month and quarter, then calendar year and final tasks. There’s also a general tasks section with items related to resolving debt, taxes, valuing assets and asset disposal or sale. The estate timeline also lets you know the information you should gather before your loved one dies, if possible.
Tasks | Checklist of duties with due dates. Items are categorized for filtering. |
Executor | Expense log, mileage log, executor compensation. |
Assets | Record and track estate assets, valuations, sale or distributions. |
Debts | List of debts with amounts paid or forgiven. |
Cashflow | Track transactions from the estate checking account. |
Distributions | Record individual distributions of assets to heirs. |
EstateExec calculates due dates for tasks after you enter the date of death. You enter data by clicking on the tabs at the top of the screen. Click on the Docs tab to choose a topic from the left navigation bar to learn about a procedure or what information to enter.
Source: EstateExec
An executor must set up a checking account to track estate-related transactions. The Cashflow tab in EstateExec gives you a checkbook register to record transactions. EstateExec automatically enters the assets and debts you record elsewhere in the app, so there’s no duplication of effort.
The Cashflow section tracks total deposits, such as payouts from insurance companies, withdrawals and the account total. You can also enter transactions like transfers into and withdrawals from the estate.
EstateExec costs $99. This price is a qualified estate expense, so the executor can use funds from the estate and does not have to pay out of pocket. EstateExec is free to families of fallen officers in the line of duty.
You can buy EstateExec on the company’s website. The site also provides a free trial, so you can click around the app to get a feel for how it works before you buy it. You can even get started with entering information, and you only pay if you decide to save your data and continue using EstateExec.
Great Estate Executor Tool
EstateExec
We found no online consumer reviews for EstateExec, but ScamAdvisor gives the app a 100% trust rating. EstateExec received in-depth coverage from The New York Times and Technolawyer. EstateExec top noted features are the ability to share estate data and reports with others and how the software automatically adjusts for the deceased’s and executor’s states of residence.
EstateExec guides trustees, administrators, executors and personal representatives through their responsibilities. States use different terms for the person overseeing the distribution of assets after death, but there is very little difference in duties.
You will find the option to export data in CSV format for each table in EstateExec. Spreadsheets and other software can import CSV files.
Each estate tracked requires an individual license. You pay $99 for each estate. Select the estate to work with from the Estates button at the very top of the app.
Each estate is available for five years, which is sufficient time to complete just about any estate transactions. To keep your records beyond five years, print PDF reports. You can filter rows and hide columns before printing if you wish. You can also export EstateExec data to the CSV format.
If you wish to share your data with heirs or an attorney, you have three ways to share permissions to the estate file. You can make EstateExec view-only so no one else can make changes, allow no access to anyone else or allow someone else to edit your data.
EstateExec guides executors through the legal requirements of managing assets, liabilities and heirs. The app adds and removes tasks based on state requirements, and does quite a bit of math automatically to enhance accuracy. EstateExec thoroughly explains all aspects of estate executorship in easy-to-understand terms and is reasonably priced.
Great Estate Executor Tool
EstateExec