Avoiding Estate Taxes with an Irrevocable Life Insurance Trust
How to Inform Beneficiaries of the Right to Disclaim
Eight Transfer and Income Tax Provisions in the "Fiscal Cliff Act"

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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