List price is the price presented to the general public to purchase a specific good or service. Executors can use list prices to estimate the value of estate goods based on the current market. For example, an estate selling a house would consider the list prices in their neighborhood to get the best comparison. Executors should be aware that real estate list prices are an estimate only as final numbers may vary greatly depending on negotiation and other market conditions.
What you need to know
What to do when a loved one dies
When people die, they leave behind a life that must be closed out. Don't tackle it all alone. From planning the funeral to tackling the legal & financial estate, here's an ultimate checklist of all the things an executor needs to do following the loss of a loved one.
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