Make 2015 totally awesome. Take the Dummies challenge and you could win $1,000! Learn how.
How to Appraise an Estates Intangible Assets
Schedule K-1 for Estates and Trusts: Alternative Minimum Tax
Schedule K-1 for Estates and Trusts: General Information

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

blog comments powered by Disqus
Estate Planning For Dummies Cheat Sheet
What Is a Living Trust?
How to Pay Living Expenses While Money's Tied Up in Probate
Tax Forms to Know as the Fiduciary of an Estate or Trust
How to Be Prepared for an Estate Audit
Advertisement

Inside Dummies.com