Four Things to Know if an Executor isn’t Doing Their Job
An executor of an estate is responsible for carrying out the wishes of a decedent, paying the bills, filing taxes, and distributing assets appropriately. The executor has a responsibility to do so in a timely manner and to act in the best interest of the...Estate Tax and Gift Tax Developments
The IRS recently announced the 2018 estate tax exemption and annual gift exclusion amounts, and both are rising due to inflation. As a background, the federal government imposes a tax at death of any US person who has at least $5,000,000, as adjusted for inflation. To...