027: Marshaling Financial Accounts in Probate: A Practical Guide for Executors

In this episode of Probate Notes, host Sam Price breaks down the practical realities of marshaling financial accounts during probate administration. The conversation focuses on what executors and administrators must actually do after appointment, including tracking down accounts, working with banks, and gathering the documentation needed to access estate funds without delays or missteps. The discussion also clarifies the key differences between cash accounts, brokerage accounts, paper securities, and retirement accounts, with special attention to timing, tax implications, and required minimum distributions. Listeners will come away with a clearer understanding of when assets should be liquidated, when they should remain intact, and why patience and persistence are critical throughout the process. Sam is joined by Jennifer Fejzic, a professional fiduciary with decades of probate experience, who shares real-world insights and hard-earned best practices from managing complex estates. In this episode, you will hear: Marshaling cash accounts as the first priority after court appointment Required documents banks demand and why certified letters matter Challenges working with large national banks versus local institutions Gathering statements, signature cards, and records for estate accountings Handling brokerage accounts, paper securities, and medallion signature guarantees Special rules and tax risks tied to retirement accounts and required minimum distributions Resources from this Episode Jennifer's website - https://probatefiduciary.com/ The 6-Stage Probate Process: How to Navigate California Probate: https://a.co/d/82310Rw  Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select "Ratings and Reviews" and "Write a Review" then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.