Tasks That Must Be Completed by Your Executor

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This is not a fun project, but it must be done. An executor needs to be chosen so they can have a say in what happens to your estate. “Being an executor can be harder than you think. Often, loved ones are chosen, as in many instances they should be, but frankly, they are usually unprepared and then overwhelmed,” says David Frisch, of Frisch Financial Group.

Here is a list of many of the tasks that an executor will need to take on.

1. Obtain a death certificate

A death certificate will be required during the settling of a loved-ones’ estate. A death certificate will be issued by the county you live in and signed by the physician who pronounced your loved one as deceased. Nicholas Bunio of Brookstone Wealth Advisors explains, “If [executors] don’t know what they’re doing, they must find and attorney who does. Otherwise, the beneficiaries of the estate could sue the executor!”

2. Notify the probate court

This is important because probate will handle your assets after you die.  Your executor will need to petition the probate court in the area where you lived. To do this, they will need to get a letter of administration or testamentary.

3. Inform all interested parties

Most of the people close to you and your family will be aware that you have passed. They will know due to attending a funeral or having seen the obituary. Your executor will need to report your death to the Social Security department, banks and all of your financial institutions.

4. Pay all debts and file all taxes

This is a job that your executor will do. They will need to settle all of your obligations with creditors and file your income taxes. This will also apply to inheritance or estate taxes as well.

5. Inventory your assets and plan for their distribution

An executor will make the decision of what assets will go to probate court and what assets will not be taken to probate. This will include property, financial accounts or investments that do not have a requirement to go through probate. This can be due to the fact that the account is a joint account or that it is held in a trust that you established. As the executor you will also determine what items to be sold, kept or discarded. A lot of times these are decided according to the will.

6. Distribute your assets among your beneficiaries

This is done after all of the bills and taxes have been paid and are up to date. As the executor, you will divide the assets according to what is instructed in the will.

7.Complete the final accounting, and all required forms

This is the final step for the executor. The executor will dissolve any of your existing accounts and check that the court has everything it needs to complete your estate settlement.

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Tulane Is Expanding When It Comes to Housing

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This fall two new residence halls opened that were part of a $185 million project for student housing. The complete project that the dorms are part of, will house around 697 more students on campus. Hopefully, this will save some of the places close to campus.

The two new dorm buildings are called Lake and River and are located where Bruff Commons used to be. They both have single and two-person suites. They include a raised courtyard, student lounges, a space for event programming and a place to hold view parties. The 200-seat theater will be used as both a leisure space and lecture hall. On the ground floor between both sets of dorms will be a space called The Hub.

The total $187 million project is called The Village and first broke ground in 2020. “The whole purpose of this is to bring students back on campus. This is really intended to deepen the community here and really transform the whole undergraduate experience,” said Tulane University President Michael Fitts.

The project will also include replacing dorms Irby, Phelps and Paterson with two new residence halls. This means that there are only 153 beds that have been added this fall. Neighbors have had concerns for many years because Tulane has not invested in student housing, which has put a big strain on the surrounding neighborhood. “I’m glad that they’re finally doing something, but they’re playing catch up, ” said Keith Hardie, Maple Residents, Inc.

“We definitely value the importance of the uniqueness of our neighborhoods. So that’s part of the beauty of this project, that by constructing these new residence halls, we may be able to bring back those students who are in the neighborhoods, especially juniors,” explains Tulane Chief Operating Officer Patrick Norton.

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A New Catering Gig For Dickie Brennan

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Dickie Brennan & Co. is a staple to New Orleans as it runs several popular dining spots throughout the city. Now you can enjoy a catered meal from the company at Audubon Zoo, Audubon Park, Audubon Aquarium and Audubon Insectarium.

The Audubon Nature Institute has hired Dickie Brennan & Co. to take over all the private event services and catered meals at each venue. The division that will be taking over the events at the spaces is called Crescent City Hospitality Group. They have an agreement with the Audubon Nature Institute after signing a 10- year agreement.

Other well-known restaurants run by the group are Palace Cafe, Tableau, Bourbon House, Dickie Brennan’s Steakhouse and the market and cafe the Commissary. You don’t have to go to a catered event to enjoy their cuisine, as it will also be operating and running the Audubon Clubhouse Cafe. The cafe is open to the public for regular service and can also host private events. The company will also run Acorn which is at City Park.

The several private event spaces will also be handled by the company. These include the outdoor areas which are the Audubon Tea Room and Garden, and the Cajun Ballroom. The walk-up concessions for the zoo is not a part and will still be run by SSA Group.

“As we plan for the future, we want – and our catering guests deserve – an established hospitality leader to create and manage incomparable culinary experiences at our one-of-a-kind venues,” says Ron Forman, CEO of Audubon Nature Institute.

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Latin Flares Coming to Audubon Zoo

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National Hispanic Heritage Month is celebrated during the month of September and to honor this Audubon Zoo will host a special day dedicated to Latin American flavors, music and wildlife on September 24th.

There will be a DJ and tons of vendors selling Latin cuisine. Patrons will visit the highlighted animals including jaguars, alpacas, spider monkeys, tapirs, ocelots, and prehensile-tailed porcupines. You can see Muevelo, Julio y Cesar, Los Guiros and DJ Felipe Estrada. There will also be conservation programs and activities.

The day-long event will be called Celebracion Latina. The food will include small bites, drinks and desserts. Some of the participating vendors include Mais Arepas, La Michoacana, Norma’s Sweets Bakery, Que Rico, Empanola and more.

Included in the ticket, will be the fun runs, admission to the zoo and all the special activities. The event will be from 10am – 5pm on September 24, 2023. This event is presented by Pan-American Insurance Group and is free for Audubon Nature Institute Members.

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A New Owner For A Metairie-Based Bank

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Eureka Homestead is a federal savings association that is in Metairie. Eureka Investor Group Inc. has plans to acquire Eureka Homestead Bancorp Inc. The transaction should be completed by the beginning of 2024.

Eureka Investor Group is a new corporation that is headed by two long-standing banking directors in the industry, Lisa Narrell-Mead and Bob Goldstein. According to the company Eureka Homestead must raise $43 million to fund the transaction. There will also be a new full-service community bank that will be located in the New Orleans area.

“We want to thank the current Board of Directors of Eureka for the opportunity to expand on the Eureka legacy. We are committed to the customers and employees and are making a significant investment into the Bank which will allow us to improve our offerings of products, technology and convenience while maintaining an exceptional custom experience. Our customers should rest assured that they will continue to see the same friendly faces they always have, and soon will be able to enjoy an expanded array of additional banking products and services. This is an exciting win-win for our customers and the New Orleans area,” states Alan Heintzen, CEO of Eureka Homestead.

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