Liquidating inventories in maine
To gain some insight into the best strategies for cutting and regaining control over inventory costs, we asked a panel of executives and inventory managers to answer the following question: “What’s the single most effective way to lower inventory costs? Over 7,000 corporations across the United States have donated merchandise to NAEIR to support schools, nonprofits and charitable organizations while at the same time taking advantage of tax deductions and reducing storage costs.Probate is a process in which a court assesses the validity of a will, appoints someone to oversee the management of the estate, ensures the deceased person’s debts are paid, and makes sure all remaining estate property goes to the proper beneficiaries of the deceased.Part of that process may require the sale of assets that are in the probate estate.If this process reveals that the estate's liabilities exceed its cash assets, the executor will be forced to sell other estate property.
Once an executor has established that estate's debts exceed the estate's available cash, he must file a petition with the supervising probate court asking for permission to sell estate property.
The executor does not decide which assets to sell; the will or state law will normally define which assets to sell to settle estate debts.