Estate Administration Process Workflow Template

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Overview: Estate Administration Workflow Template

This workflow template illustrates the planning and execution of estate beneficiary distributions (for the deceased), including initial asset summarization, asset appraisal, beneficiary asset distribution scheduling and tax preparation. Purchase and download this template in PDF and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand Estate Administration processes.

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Process Details and FAQ: Estate Administration

What is included in the Estate Administration process?

The Estate Administration process is triggered when a customer who has a trust account with the financial institution (bank, investment manager, etc.) passes away. Acting as the executor of the deceased's estate, the financial institution then summarizes all of the assets included in the estate to prepare for distribution to the listed beneficiaries. The bank then drafts an asset distribution schedule that is sent to all of the beneficiaries. Once the assets have been distributed, the financial institution collects their cut for managing the estate, and attorneys prepare the appropriate documentation to close the account.

Which KPIs, or metrics, are typically used to measure this process?

The following metrics may be used to measure the Estate Administration process:

  • 1.Cycle Time: Estate Distribution
  • 2.Estate Accounts Managed per Wealth Management Employee
  • 3.Total Volume: Estate Accounts Managed
  • 4.Unit Cost: Estate Distribution
  • 5.Wealth Management Revenue as a Percentage of Total Revenue

Which employees and/or departments are involved in this process?

The following parties are typically involved in the Estate Administration process:

  • Estate Beneficiaries
  • Estate Account Managers
  • Corporate Legal Staff

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.

How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.

How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF and Visio (VSD) file formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.

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  • Workflow Template


    Estate Administration

    - Instantly download files
    - Includes PDF, VSD file formats
    - Customize the Visio (VSD) version
    - Mapped in BPMN 2.0 format


    Call: 844-650-2888


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