Estate Tax Issues

Tax Issues Will my estate automatically have to pay taxes at my death? Not necessarily. In the event your gross estate (i.e., all of the assets in which you own an interest-probate and nonprobate) is less than the $1,500,000 exemption allowed under law, no estate tax...

Executors duty to Creditors

Executors — Notifying Creditors When an executor assembles and collects the deceased’s assets and liabilities, he will become aware of the outstanding debts. Once he has obtained his letters of authority, his first formal step in settling debts is to...