Rock your resolutions. Take the Dummies challenge and you could WIN $1,000! Get Started.
How to Obtain a Liability Release for Estate Form 706
What Is a Living Trust?
How to Organize the Estate Administration Process

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
blog comments powered by Disqus
How to Compile Records of Trust Transactions
How to Distribute a Decedent’s Personal and Household Property
How Death Changes the Decedent’s Assets
How to Prepare a Trust’s Final Accounting
What Is State Inheritance or Estate Tax?
Advertisement

Inside Dummies.com