15h • Trust Administration
Why You Shouldn't Rush to Pay Every Bill
After someone dies, many Executors immediately start paying bills.
It feels responsible.
But sometimes the smarter first step is to understand the entire financial picture.
Before paying everything, figure out:
- What assets exist?
- What debts exist?
- Are there ongoing expenses?
- Are there administration expenses?
- Is there enough money to pay everything?
- Are there tax issues that need to be considered?
Administration is not necessarily:
Bill arrives → write check.
Sometimes the correct sequence matters.
When you are uncertain, gather the information before moving the money.
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Why You Shouldn't Rush to Pay Every Bill
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