“I am the third trustee appointed to my late parents’ trust.” ...
Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. Serving as the executor of an estate is not just an ...
'There's no trust in place, but there is a will' "How long does it take for an executor to be able to access the account and pay the debts of the deceased?" (Photo subject is a model.) Dear Quentin, ...
'My brother retains the money awarded to my father to this day. My mom is still alive.' "In New York state, shouldn't the money be transferred over to my mom, since she was the sole heir in his will?" ...
While carrying out someone's final wishes can be challenging, there's a proper way to manage these important duties and be viewed as a 'good' executor.
Lawrence "Larry" Sprung is the founder and lead wealth advisor at Mitlin Financial, Inc®. Since establishing the firm in 2004, Larry has prioritized personalized financial planning for families. His ...
Prior to the distribution of an estate by an executor to its beneficiaries, an executor must prepare an accounting which outlines the assets of an estate, its liabilities, and the expenses paid by an ...