If you have never tried to quit smoking cold turkey, it will likely be a learning experience. Even if you don't successfully quit using this method, you may learn things about yourself and your habit that will help you quit on a future attempt.
After you've made a list of liabilities, divide them into two categories: 1  Liabilities that will be ongoing during probate -- these will be administrative expenses. 2  Liabilities that can be paid off in full after the probate estate is opened -- these are the decedent's final bills.
Subtract these from the total expenses to calculate the total operating expenses for the budget period. Subtract the total cost of goods sold and the total operating expenses for the budget period from the total revenues for the budget period. This calculates the budgeted operating income.