“EstateExec moves the executor process forward from the way it was done in the 18th century to the 21st century.” - Dan Stickel, EstateExec Founder & CEO, and former Google executive.
SILICON VALLEY, Calif. (PRWEB) April 12, 2018
With tax filing deadlines right around the corner, EstateExec, the leading online software for estate executors, has released the first major upgrade to its innovative software, adding significant additional capabilities for helping executors track, organize, and settle the estates of their loved ones. New capabilities include charts and graphs, a streamlined guide, updated state-specific tasks, support for partial asset distributions, automated cost basis tracking, and more.
According to the National Center for Health Statistics (NCHS), a public resource within the CDC, 2.7 million people died in the US in the most recent year for which statistics are available … and by law, every person’s estate must be settled upon death. As the Baby Boomer generation continues to age, increasing numbers of this technology-capable population are having to deal with the death of their parents, and for the first time, can turn to modern online tools to help them with this age-old process.
Estate settlement and probate can be complicated, lengthy, and expensive, and, in the overwhelming majority of situations, the executor is a close family member with little to no experience. Even though required by law for hundreds of years, this arduous, confusing process has remained largely unchanged, with few tools available to help the average person.
“EstateExec moves the executor process forward from the way it was done in the 18th century to the 21st century,” says Dan Stickel, EstateExec Founder and CEO, and former Google executive. “You wouldn’t try to do your taxes by hand, so why would you try to settle an estate that way?”
EstateExec is the only consumer software to support an executor throughout the settlement process: categorizing assets, selling or distributing them, paying off debts, managing estate expenses, calculating executor compensation, and more. This new release particularly focuses on the long-term financial accounting work associated with settling an estate: tracking estate expenditures, enhancing distribution support (for example adding support for partial asset
distributions), PDF reporting, calculating distribution allocations versus target percentages; it also improves usability across the board.
EstateExec is also designed to offer transparency throughout the process, allowing an executor to share documents and work in tandem with an attorney, a co-executor, or other stakeholders. As estate executors are often family members, this software allows all interested parties to stay updated during the settlement process, potentially helping to avoid family rifts.
EstateExec is $99 for a five-year subscription, an expense that can be written off to the estate. EstateExec offers a free 10-day trial for new customers. The company also offers volume discounts to law firms in order to serve their clients.
ABOUT EstateExec: Based in Silicon Valley, EstateExec is the leading provider of software for estate executors. Since the 1800’s, executors have had to rely on legal or financial counselors to guide them through the difficult and time-consuming process of estate settlement, and even these outside experts have had few resources to automate and simplify the effort. Now, with the help of breakthrough technology, EstateExec is revolutionizing the way executors settle their estates, making it easy to manage, calculate, and process. EstateExec is fast, easy, secure, and reduces risk of executor error. For more information, visit http://www.EstateExec.com.