The Executor's Guide

The Executor's Guide

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You have been named the executor of a will by a friend or family member. Are you prepared to meet the challenge and do you know how to avoid personal liability? Thousands of individuals each year face the daunting and often painful task of settling the estate of a loved one, and even with professional guidance from attorneys, accountants, and financial advisors, they are often ill-equipped to deal with many of the tasks necessary to manage and settle an estate. The Executor's Guide is the definitive instruction manual for anyone administering an estate under a will. Written by a practicing probate attorney, and featuring step-by-step instructions, worksheets, checklists, and timetables, and other resource, The Executor's Guide will help you avoid costly mistakes and navigate successfully through the entire process--from the time of death to the final closing of the estate.If an individual buys a classic car for $40, 000 and sells that same car two years later for $60, 000, he has realized a $20, 000 gain or profit that he must declare as capital gain income. His basis was the purchase price for the classic car, theanbsp;...

Title:The Executor's Guide
Author: Linda D. Kirby
Publisher:Greenwood Publishing Group - 2004

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