Understanding Estate Planning Designations
How to Organize the Estate Administration Process
How to Complete Schedule K and L 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

Recommends

Promoted Stories From Around The Web

COMMENTS »
blog comments powered by Disqus
Invest for a Trust with Social Responsibility and Political Awareness
How to Fund a Trust after a Grantor’s Death
When Must You File Estate Form 706?
How to Locate a Decedent’s Assets through Tax Returns
Why Every Canadian Should Have a Will and Estate Plan