Hire a licensed appraiser with whom you do not a personal relationship.
The executor is the person responsible for liquidating assets of the estate.
If you are named as an executor, you may need to liquidate some of the estate’s assets to pay off the decedent’s and estate’s financial obligations.
Therefore, if we have a basic situation with an applicant without a community spouse (although would apply to a community spouse situation), the existence of investments precludes an exact determination of resources on the first day of any given month.
Therefore, as part of the pre-Medicaid plan, it is necessary that such assets be liquidated and the capital gain considered in the prepayment of taxes (if applicable).
You are not permitted to take actions that would enrich you at the expense of the trust.
For this reason, you should not sell any estate property during the liquidation process to yourself or any of your associates to avoid the appearance of a breach of your fiduciary duty. The will states the decedent’s wishes regarding how property is to be distributed amongst his beneficiaries.
Importance of Liquidating Assets in the Medicaid Planning Process Reference is made to Post 12 that discusses basic planning situations referred to as “bread and butter” planning techniques.
With respect to investments, the value fluctuates from day-to-day.
For questions regarding your specific situation, please consult a qualified attorney.