Estate administrators are supposed to distribute assets according to the terms of the estate plan. But, what happens if they do not and use some of the money for their own ends? A recent case in the UK shows one of the possible consequences.
Read More »Did a Hardware Store Owner Hide Millions of Dollars?
In an interesting case out of Brooklyn a son alleges that his father hid millions of dollars under various aliases. The son has taken over administration of the estate and has spent the last two years looking for the money.
Read More »More Trouble for Ernie Banks’ Estate
The estate administration of the estate of Ernie Banks has been troubled and features a feud between his caregiver and his family. Now the funeral home has entered the fray.
Read More »Proposal Seeks Compromise on Digital Privacy after Death
State legislatures throughout the country are currently debating whether a person’s digital accounts should remain private after death or be accessible by estate administrators. A new proposal in Virginia strikes a compromise between the two sides.
Read More »Estate Administration and Taxes
Before an estate can be closed, all of the proper taxes must be paid. For those who do not have previous experience administering an estate, this can be a daunting task, especially if they do not know what taxes need to be filed.
Read More »Paying the Debts of an Estate
When someone passes away, his or her debts become a part of the estate and must be paid. This is one of the jobs of the executor or personal representative. If you are administering an estate, you need to know how to pay the estate’s creditors.
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