How to Create Nominee Form 1099s for an Estate
How to Invest in Bonds for a Trust
How to Hire a Tax Professional for Your Estate or Trust

10 Common Pitfalls for Estate and Trust Administrators to Avoid

Don't fail to communicate with heirs and legatees.

Keep heirs and legatees (individuals who have been given specific property under the will) in the loop as much as you can. By letting them know on a regular basis where you are in the process and when they can realistically expect a payment from the estate, you’re stopping most, if not all, of their complaints before they have a chance to even think of them.

  • Add a Comment
  • Print
  • Share

Recommends

Promoted Stories From Around The Web

blog comments powered by Disqus
How to Complete Lines 9–17 of Part 4: Estate Form 706
Estate Tax Installments and Postponements: Part 3 of Form 706
Estate Tax Closing Letters and Real Estate Releases of Lien
How to Pay Living Expenses While Money's Tied Up in Probate
How to Formalize Your Selection of an Estate Attorney