Private Wealth Solutions LLC

5850 Canoga Avenue Suite 315

Woodland Hills, CA 91367

T: 818-264-0600

F: 818-666-3519

lynn@privatewealthsolutions.com

Estate Settlement Checklist

Appraisal of Assets

Reset of cost basis for income tax purposes

1.

Obtaining Tax ID Number for the Trust Entity

File a 706 return if necessary

Issue K-1's and file final tax return

2.

Legal Opinion of Trust Documents

Direction provided to trustees

3.

Beneficiary Notification

4.

Trust Accounting

5.

Coordination of Tax Qualified Accounts

Analysis of BDA stretch, spousal assumption and other options

6.

Liquidation of All Assets

Coordination of bank accounts

7.

Life Insurance Claims

8.

Outstanding Bill Payments

Credits for pre-paid bills (utilities, cable, deposits)

9.

Re-titling of All Financial Assets

Real estate sales

Quick-claim deeds, if applicable

Disposal of unwanted personal assets (estate sale, charitable donations)

10.

Final Trust Income Tax Return

11.

Registered with and securities are offered through Kovack Securities, Inc. Member FINRA/SIPC.

6451 N. Federal Highway, Suite 1201, Ft. Lauderdale, FL 33308 (954) 782-4771.

Advisory services offered through Kovack Advisors, Inc. Private Wealth Solutions is not affiliated with Kovack Securities, Inc./Kovack Advisors, Inc. Doug Lagerstrom is registered in AZ,CA,CO,FL,HI,ID,KS,MT,NV,NY,OR,TN,VA,and WA. Allen Minassian is registered in AZ,CA,FL,NM,NV,TN,TX and WI.