Guam Sample Letter for Closing of Estate with Breakdown of Assets and Expenses

• Category: Letters - Legal - Estates
• State: Multi-State
• Control #: US-0685LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Dear [Recipient], I hope this letter finds you well. I am writing to provide a detailed description of the estate owned by [Name of deceased] and its associated assets and expenses. This letter aims to facilitate the closing of the estate and provide you with a clear breakdown of all the relevant components. Estate Description: The estate of [Name of deceased] is located in the beautiful and vibrant island of Guam. Guam is an organized unincorporated territory of the United States, situated in the western Pacific Ocean. Known for its tropical climate, sandy beaches, and rich cultural heritage, Guam is a diverse and unique destination for residents and visitors alike. Assets Listing: 1. Real Estate Property: The estate comprises a [description of property], located in [address], Guam. The property features [details about the property's characteristics] and has a current appraised value of $[amount]. 2. Financial Assets: The deceased had various financial holdings, including bank accounts, stocks, and bonds. A detailed breakdown of these assets, including account numbers and institutions, is attached for your reference. 3. Vehicles: The estate includes a [make, model, and year of each vehicle], which are currently valued at a total of $[amount]. Expenses Listing: 1. Funeral Expenses: The costs associated with the funeral services, burial or cremation, memorial service, and related expenses amounted to $[amount]. 2. Legal and Administrative Expenses: Legal fees, executor fees, court costs, and any other expenses incurred during the administrative process of the estate are estimated to be $[amount]. Detailed invoices and receipts are included for verification. 3. Outstanding Debts and Taxes: The deceased had outstanding debts and unpaid taxes. The total amount owed is $[amount]. A breakdown of these outstanding balances, along with supporting documentation, is enclosed for your review. Final Accounting and Distribution Plan: Upon approval of this detailed breakdown, we propose to distribute the remaining assets of the estate as follows: 1. Payment of outstanding debts, taxes, and administrative expenses, totaling $[amount]. 2. Distribution of specific bequests as stated in the last will and testament of the deceased. 3. Equal division of any remaining assets among the named beneficiaries or heirs. Please review the attached documents carefully and contact us if you require any further information or clarification. We appreciate your prompt attention to this matter, enabling us to proceed with the necessary steps for closing the estate in a timely manner. Thank you for your cooperation and assistance throughout this process. Yours sincerely, [Your Name] [Your Title/Position] [Contact Information]

Dear [Recipient], I hope this letter finds you well. I am writing to provide a detailed description of the estate owned by [Name of deceased] and its associated assets and expenses. This letter aims to facilitate the closing of the estate and provide you with a clear breakdown of all the relevant components. Estate Description: The estate of [Name of deceased] is located in the beautiful and vibrant island of Guam. Guam is an organized unincorporated territory of the United States, situated in the western Pacific Ocean. Known for its tropical climate, sandy beaches, and rich cultural heritage, Guam is a diverse and unique destination for residents and visitors alike. Assets Listing: 1. Real Estate Property: The estate comprises a [description of property], located in [address], Guam. The property features [details about the property's characteristics] and has a current appraised value of $[amount]. 2. Financial Assets: The deceased had various financial holdings, including bank accounts, stocks, and bonds. A detailed breakdown of these assets, including account numbers and institutions, is attached for your reference. 3. Vehicles: The estate includes a [make, model, and year of each vehicle], which are currently valued at a total of $[amount]. Expenses Listing: 1. Funeral Expenses: The costs associated with the funeral services, burial or cremation, memorial service, and related expenses amounted to $[amount]. 2. Legal and Administrative Expenses: Legal fees, executor fees, court costs, and any other expenses incurred during the administrative process of the estate are estimated to be $[amount]. Detailed invoices and receipts are included for verification. 3. Outstanding Debts and Taxes: The deceased had outstanding debts and unpaid taxes. The total amount owed is $[amount]. A breakdown of these outstanding balances, along with supporting documentation, is enclosed for your review. Final Accounting and Distribution Plan: Upon approval of this detailed breakdown, we propose to distribute the remaining assets of the estate as follows: 1. Payment of outstanding debts, taxes, and administrative expenses, totaling $[amount]. 2. Distribution of specific bequests as stated in the last will and testament of the deceased. 3. Equal division of any remaining assets among the named beneficiaries or heirs. Please review the attached documents carefully and contact us if you require any further information or clarification. We appreciate your prompt attention to this matter, enabling us to proceed with the necessary steps for closing the estate in a timely manner. Thank you for your cooperation and assistance throughout this process. Yours sincerely, [Your Name] [Your Title/Position] [Contact Information]