Chicago, IL (PRWEB) May 20, 2022 CHICAGO, IL – MAY 20, 2022 – Ziegler, a specialty investment bank, is pleased to announce the successful closing of The
Monday, February 22, 2021
If you are beneficiary of an Estate, at some point you will be asked to sign a Refunding Bond and Release prior to receiving your bequest from an Estate. The logical question that will arise is what exactly you are being asked to sign. The purpose of this blog is discuss generally what a Refunding Bond and Release is and how it relates to your distribution from the Estate.
During the administration of an Estate, the executor is charged with marshaling the assets of the Estate so that they can be distributed to the beneficiaries of the Estate. During this process, the executor keeps detailed records of the Estate’s assets and maintains an accounting of all assets and liabilities of the Estate. The executor is also responsible for filing and paying any relevant Estate taxes on behalf of the Estate, and remains principally liable should he/she not properly perform this function. Once the appropriate taxes are filed, or are close to being finalized
My brother died. Are these fees taken from his estate legal?
Updated Feb 02, 2021;
Q. I’m a beneficiary to my brother’s estate in New Jersey. My younger brother, the executor, is also a real estate broker. When he sold two properties from the estate, he paid himself real estate commissions totaling about $75,000. He never accounted for the rents on the real estate for the two years he managed the properties. Can he do this and do I have any recourse? Older brother
A. It can get ugly when family members question how an estate is being handled by another relative.
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