When to File a Last Will with a Probate Court
What Are Grantor-Retained Trusts All About?
How to Prepare a Trust's Initial Inventory

10 Common Pitfalls for Estate and Trust Administrators to Avoid

Step 1 of 10
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


Promoted Stories From Around The Web

blog comments powered by Disqus
How to Be Prepared for an Estate Audit
How to Handle Beneficiary Requests for Additional Trust Distributions
How to Invest an Estate to Minimize Income Taxes
Who Can Inherit from an Estate?
Revocable versus Irrevocable Trusts