How to Calculate Trust Accounting Income
How to Diversify Stocks for a Trust
Estate Settlement with or without a Will

10 Common Pitfalls for Estate and Trust Administrators to Avoid

Step 1 of 10
Previous
Next Slideshow
Next Slideshow

Don't fail to terminate an existing real estate purchase and sale agreement.

As far as costly mistakes go, not ending an existing real estate purchase and sale agreement when the decedent (or deceased) is the seller is huge! Keeping the original agreement in place may substantially increase the taxes you’ll owe on the sale, costing the estate, and the eventual heirs, big-time.

  • Add a Comment
  • Print
  • Share

Recommends

Promoted Stories From Around The Web

COMMENTS »
blog comments powered by Disqus
How to Complete Parts 1 and 2 of Estate Form 706
Is Your Estate Subject to Federal Estate Tax?
Farm Income, Ordinary Gains, and Other Income for a Decedent, Estate, or Trust
How to Calculate Interest and Dividends for a Decedent, Estate, or Trust
What Are Key Bond Terms for a Trust?