It’s often questioned what will happen to a person's estate after they pass away. While many believe an estate will be given to the closest heir, sold or donated, there are many options people have to decide themselves – otherwise, it may be up to the state to decide...
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Month: July 2022
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What to know if you’re the executor of an estate
When people write up a will, they are expected to designate an executor of an estate. You may happen to be asked by a loved one or family member to take on this role. The executor of an estate may be a new title that you’ve never heard of, so there are some things you...
What tax documents must the representative of an estate file?
Many estate administration responsibilities fall directly to the personal representative of the estate. They have to notify creditors and repay debts. They will also need to handle tax responsibilities on behalf of the deceased. Estate taxes only apply to...