Franklin Ohio Sample Letter for Closing of Estate with Breakdown of Assets and Expenses

• Category: Letters - Legal - Estates
• State: Multi-State
• County: Franklin
• 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 [Executor/Executrix's Name], RE: CLOSING OF ESTATE FOR [Deceased's Name], DECEASED I hope this letter finds you well. As the representative of the estate of [Deceased's Name], it is with somber sentiment that I present to you the comprehensive breakdown of assets and expenses, ultimately leading to the closing of the estate. 1. IDENTIFICATION OF ASSETS: (a) Real Estate Properties: — Residential Property located at [Address] — Commercial Property located at [Address] — Rental Property located at [Address] (b) Personal Property: — Vehicles (with their respective makes, models, and registration details) — Jewelry, including watches, necklaces, rings, and other valuable items — Artwork, collectibles, and antique— - Electronics, appliances, furniture, and household items — Cash holdings, bank accounts, and investment portfolios — Business interests and partnerships in [Business Name(s)] — Insurance policies (life, health, property, etc.) 2. ASSET VALUATION: In accordance with legal procedures and expert appraisals, the assets have been evaluated as follows: (a) Real Estate Properties: — Residential Property: Valued at $________ — Commercial Property: Valued at $________ — Rental Property: Valued at $________ (b) Personal Property: — Vehicles: Valued at $_______— - Jewelry: Valued at $________ — Artwork, Collectibles, and Antiques: Valued at $________ — Electronics, Appliances, Furniture, and Household Items: Valued at $________ — Cash Holdings, Bank Accounts, and Investment Portfolios: Valued at $________ — Business Interests and Partnerships: Valued at $________ — Insurance Policies: Valued at $________ 3. EXPENSES INCURRED: Throughout the administration process, the following expenses have been disbursed: — Funeral expenses, including memorial services, burial/cremation costs, and obituary publication — Legal fees for estate administration and probate proceedings — Outstanding debt payments, mortgages, and loans on properties/assets — Utility bills, maintenance costs, and property taxes — Insurance premiums and policy settlements — Professional appraisal fee— - Executor/Executrix fees or commission — Any outstanding taxes, penalties, or fees owed by the estate 4. DISTRIBUTION AND ALLOCATIONS: Considering the aforementioned asset valuation and expenses incurred, the remaining estate will be distributed among beneficiaries and heirs as per the last will and testament, or in accordance with the laws of intestate succession in Ohio, if applicable. The distribution plan has been duly executed and documented accordingly. 5. CONCLUSION: With the assets adequately valued and necessary expenses settled, the estate of [Deceased's Name] is now ready to be closed. All assets have been distributed, debts paid, and legal obligations fulfilled to the best of our abilities. We request that you review the information provided, and if you have any queries or concerns, please do not hesitate to contact our legal team at [Contact Details]. Kindly sign and date the enclosed documents, which signifies your understanding and acknowledgment of the estate closing process. Please return the signed copies to our office at your earliest convenience. Thank you for entrusting us with the administration of [Deceased's Name]'s estate. We express our deepest sympathies during this difficult time and trust that our dedicated services have brought solace and closure to all parties involved. Yours sincerely, [Your Name] [Your Position/Title] [Law Firm/Organization Name]

Dear [Executor/Executrix's Name], RE: CLOSING OF ESTATE FOR [Deceased's Name], DECEASED I hope this letter finds you well. As the representative of the estate of [Deceased's Name], it is with somber sentiment that I present to you the comprehensive breakdown of assets and expenses, ultimately leading to the closing of the estate. 1. IDENTIFICATION OF ASSETS: (a) Real Estate Properties: — Residential Property located at [Address] — Commercial Property located at [Address] — Rental Property located at [Address] (b) Personal Property: — Vehicles (with their respective makes, models, and registration details) — Jewelry, including watches, necklaces, rings, and other valuable items — Artwork, collectibles, and antique— - Electronics, appliances, furniture, and household items — Cash holdings, bank accounts, and investment portfolios — Business interests and partnerships in [Business Name(s)] — Insurance policies (life, health, property, etc.) 2. ASSET VALUATION: In accordance with legal procedures and expert appraisals, the assets have been evaluated as follows: (a) Real Estate Properties: — Residential Property: Valued at $________ — Commercial Property: Valued at $________ — Rental Property: Valued at $________ (b) Personal Property: — Vehicles: Valued at $_______— - Jewelry: Valued at $________ — Artwork, Collectibles, and Antiques: Valued at $________ — Electronics, Appliances, Furniture, and Household Items: Valued at $________ — Cash Holdings, Bank Accounts, and Investment Portfolios: Valued at $________ — Business Interests and Partnerships: Valued at $________ — Insurance Policies: Valued at $________ 3. EXPENSES INCURRED: Throughout the administration process, the following expenses have been disbursed: — Funeral expenses, including memorial services, burial/cremation costs, and obituary publication — Legal fees for estate administration and probate proceedings — Outstanding debt payments, mortgages, and loans on properties/assets — Utility bills, maintenance costs, and property taxes — Insurance premiums and policy settlements — Professional appraisal fee— - Executor/Executrix fees or commission — Any outstanding taxes, penalties, or fees owed by the estate 4. DISTRIBUTION AND ALLOCATIONS: Considering the aforementioned asset valuation and expenses incurred, the remaining estate will be distributed among beneficiaries and heirs as per the last will and testament, or in accordance with the laws of intestate succession in Ohio, if applicable. The distribution plan has been duly executed and documented accordingly. 5. CONCLUSION: With the assets adequately valued and necessary expenses settled, the estate of [Deceased's Name] is now ready to be closed. All assets have been distributed, debts paid, and legal obligations fulfilled to the best of our abilities. We request that you review the information provided, and if you have any queries or concerns, please do not hesitate to contact our legal team at [Contact Details]. Kindly sign and date the enclosed documents, which signifies your understanding and acknowledgment of the estate closing process. Please return the signed copies to our office at your earliest convenience. Thank you for entrusting us with the administration of [Deceased's Name]'s estate. We express our deepest sympathies during this difficult time and trust that our dedicated services have brought solace and closure to all parties involved. Yours sincerely, [Your Name] [Your Position/Title] [Law Firm/Organization Name]