When to use Broker Confirmation Letter
Managing an estate is a complex and time-intensive business. Whether you are a surviving loved one of a recently deceased individual or you have been entrusted to manage the estate of a recently deceased person for other reasons, you may understandably not know exactly where to begin. One of the best places to start organizing the financial affairs of an estate is confirming the details of any financial accounts that remained open at the time the estate owner passed away. Once you are aware of the accounts that exist, you can manage the assets and debts tied to those accounts. As nearly every American adult has some financial investments, communicating with the broker who worked with the deceased is a good place to begin.
If you are serving as an estate administrator, estate representative or are the surviving spouse or surviving adult child of a recently deceased individual, you can use this broker confirmation letter in order to help get the financial affairs of the deceased in order. Specifically, you can use it to communicate with the broker that the deceased worked with to manage his or her investments. In addition to confirming the details of each account or investment, you can begin conducting any business that needs to be completed with the broker in question. When managing the financial affairs of an estate, it is important to leave a paper trail of your efforts, so please take care to keep copies of every communication you make with each individual broker connected to the deceased and/or the estate of the deceased. Please note that in order to complete this document, you will likely need to provide a letter of appointment that confirms your authority to conduct business on behalf of the estate.