Streamlining Family Office Administration through Effective Checklists

In this conversation, Kerri Scott discusses the concept of a 'death audit'—a proactive approach to estate planning that involves simulating a wealth owner's death to review and optimize the estate plan while the owner is still alive. The discussion covers the importance of documenting institutional knowledge, the need for a comprehensive review of asset ownership and control, and the administrative processes involved in executing a death audit. Kerri emphasizes the significance of family dynamics and personal property in estate planning, and shares insights from her own experience conducting a death audit.

More information on why every family office should simulate the death of its wealth owner: https://www.craincurrency.com/family-office-management/why-every-family-office-should-simulate-death-its-wealth-owner-death-audit

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