Rock your resolutions. Take the Dummies challenge and you could WIN $1,000! Get Started.
Does the Estate Need a Special Administrator?
How to Prepare a Trust’s Final Accounting
How to Complete Schedule O for Estate Form 706

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
blog comments powered by Disqus
What Are a Trustee’s Fiduciary Duties?
Don’t Take Unsanctioned Shortcuts for an Estate or Trust
How to Complete Schedule M for Estate Form 706
What Are Grantor-Retained Trusts All About?
Estate-Related Taxes You Need to Know About
Advertisement

Inside Dummies.com