PASSING OF ACCOUNTS

Beneficiaries Question Accounting Of Estate Being named the executor or trustee of an estate is a huge responsibility requiring decisions that affect the beneficiaries of the estate. While executors and trustees might look to wrap up their responsibilities as quickly and efficiently as possible, there are many reasons why they may be faced with delays…

One of the unfortunate realities of estate planning is that no matter how carefully one plans for their eventual death and what will happen to their property, there is always the possibility that family or even friends will feel that someone else has taken advantage of the deceased, or that they were not provided for…

For many people who have lost a loved one and perhaps been named executor of the estate, the process of working through the details of distributing the deceased’s assets can be daunting. For those who expect to benefit from the estate of the deceased, there can sometimes be long waits as the passing of accounts works its…

While being the beneficiary of someone’s will might feel like a windfall to some, the associated taxes that may come with it can feel like a burden, especially if they are a result of the deceased’s unpaid taxes. What might further frustrate things is if the tax bill arrives years after the money was distributed,…

As we have seen with many of the cases we cover in our blogs, the best-laid plans of someone preparing their estate can sometimes be derailed, for any number of reasons, by people who have (or think they should have) an interest in the estate. One situation we occasionally run into is when a beneficiary…