Three Reasons To Use A Professional For Estate Administration

 

“Being named executor of an estate places many legal and fiduciary responsibilities on that person. An executor must wrap up the decedent’s affairs, arrange for the payment of any income and estate taxes, and distribute the assets of the estate,” explains Pat Rufolo, Chairman of the Private Client Services Group, McElroy, Deutsch, Mulvaney & Carpenter, LLP. “In most cases, people choose a loved one or family member to serve as executor. Unfortunately, I have seen executors make mistakes during the process of carrying out these responsibilities that expose the estate to litigation, increased tax liability and other potentially serious consequences.”

Three Reasons To Use A Professional For Estate Administration#2bc10cdac7bc

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