What Are The Importance Of Computer In Estate Management?


3 Answers

Rosie Normanton Profile
Rosie Normanton answered
As with many occupations, computers and technology have become vital parts of working life. With estate management, computers bring a variety of benefits including:

  • Ample amounts of memory

Depending on what area of estate management they are working in, some managers will require a mass amount of memory to store important details about numerous properties under their management. In the modern day, computers are packed with unbelievable amounts of memory and extra memory is considerably cheaper than it used to be. The amount of information that be contained in a computer would simply be unmanageable on paper.

  • Advanced communication

Thanks to computers and the Internet, our ability to communicate has been greatly improved. Estate managers now have a variety of ways to communicate with clients and co-workers through email, social networking and even video conferencing. This makes their job much easier; allowing them to communicate with people associated with their properties regardless of location.

  • Advanced functioning

Computers are very powerful things and offer so many pieces of software to an estate manager. Using their computer, estate managers could calculate costs, write letters, create presentations and diagrams all from their computer. Spreadsheet software allows them to log and calculate the finances on the estates that they are managing. Presentational software helps them to create efficient and engaging presentations for when they may be looking to negotiate with new clients.

Just like with many professions in the modern age, computers give so many more dimensions to an estate manager.

The computer is important to estate management for several reasons such as checking backgrounds, finding documents, and much more.

  • Estate Management

Estate management can come about in a couple of ways. The executor of a will may be managing the estate for the people left behind after a family member's death. The executor of the estate may manage it for a short time or until the family reaches a certain age, such as children being left behind that have yet to reach maturity. An estate may be managed while a person is still alive, but they want their staff to handle the estate rather than being a part of the day to day running. In most cases it is the executor of the will situation rather than the management of an estate by staff. It can also be that an estate is managed by a family member or friend while a person is traveling extensively or working overseas.

  • Computers
With the various ways estate management can be implemented there are definitely different uses for computers in the management situation. For example, a computer can help to monitor the expenses of the estate, to make purchases, or to keep track of the will.

Computers can also help in determining value of an estate by exploring real estate sites or other sites such as antique sites for value of goods. Computers can also check records such as who owned the estate prior to the most recent owner, the family tree and more.

Computers are definitely a useful tool for organization and managing anything including estates. Multiple estates can be managed with a computer in a lawyer's office to help keep everything organized for the various clients one might have. Computers also file documents electronically which can be easier than paper.

Robert Lamp Profile
Robert Lamp ,, answered

In order to be competitive, mega corporations, large-workforce organizations and even small and medium businesses need to do long range corporate planning in a systematic manner. Such organization development initiatives encompass human resources development, finance and budget allocation, procurement and supply chain, sales and marketing, research and development. Automated business processes, advanced computer systems and allied software applications provide companies with reports, tools and practices to address strategic objectives and the techniques and methods to achieve organizational goals.

Rajon Jaki NY Profile
Rajon Jaki NY , Real Estate vs Internet, answered

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