How to Obtain Probate Court Approval of an Estate’s Accounts
Estate Tax Installments and Postponements: Part 3 of Form 706
Exercise Good Fiduciary Judgment for an Estate or Trust

10 Common Pitfalls for Estate and Trust Administrators to Avoid

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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.

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