5 Steps to Delegating & Supervising

5 Steps to Delegating & Supervising
There are 5 steps to delegating and supervising that guarantee that your expectations are met and success results are achieved.

Step One
The first step in delegation is to become perfectly clear about the results that you desire from the job. The greater clarity you have with regard to the results expected, the easier it is for you to select the right person to do the job.

Step Two
The second step is to select a person based on his or her demonstrated ability or success at doing this job. Never delegate an important job to a person who has never done it before. If the successful completion of the task is important to the success of your business, it is essential that you delegate it to someone who you confidently believe can complete the task satisfactorily.

Step Three
Third, explain to the person exactly what you want done, the results that you expect, the time schedule that you require, and your preferred method of working. The reason that you are in a position to delegate a task is because you have probably already mastered this task. Taking the time to teach and explain the best way to do the task based on your experience is an excellent way to ensure that the task will be done as you wish and on schedule.

Step Four
Step four is to set up a schedule for reporting on progress. If it is an important task, set up a deadline for completion that is a day or a week before your actual deadline. Always build some slack into the system. Then, check on the progress of the task regularly, very much like a doctor would check on the condition of a critical care patient. Leave nothing to chance.

Step Five
Step five, inspect what you expect. Delegation is not abdication. Just because you have assigned a task to another person does not mean that you are no longer accountable. And the more important the task, the more important it is that you keep on top of it.

What task can you effectively delegate to someone else? Which one of your employees can handle the task efficiently?

Courtesy: Brian Tracy, Best-Selling Author, Speaker and Success Coach

List of Basic Items for Executor to Obtain

List of Basic Items for Executor to Obtain
The following is a basic list of items for the executor to obtain to enable the practitioner to prepare the estate tax return.  Depending on the size of the estate and other factors, other items may be necessary:

	1.  Last Will & Testament.
	2.  Inventory of  personal effects.
	3.  List of all bank accounts, including savings accounts.
	4.  List of investments.
	5.  List of pension funds.
	6.  Copies of life insurance policies.
	7.  Legal description of all real estate, copies of deeds, promissory notes and deeds of trust.
	8.  Legal description of mineral interests and amount of any income being received from such interests.
	9.  Legal description of property located in other counties or states.
	10.  Gift tax returns and list of lifetime gifts by the decedent.
	11.  Copies of all trust agreements where the decedent was a grantor, trustee or beneficiary.
	12.  Copies of income tax returns for at least the last three years.
	13.  Schedule K-1s from partnerships and S corporations for at least the last three years.
	14.  Copy of homeowner’s insurance.
	15.  List of all administration expenses including funeral expenses.
	16.  Names, addresses, ages, relationship and social security number of all beneficiaries.
*****	17.  Names and addresses of all professional advisors of decedent.

Source:  Practitioners Publishing House, Fort Worth, TX