Navigating the Murky Waters of Estate Investment Securities

Posted by Mike In Common Probate Pitfalls, Inheritance Taxes in Pennsylvania 0 comment

There are many types of assets that a person can leave to their loved ones after death. One type of asset that estate executors should give careful attention to is investment securities. Securities are investments that people buy with the hope of selling the investment for more money in the future. There are many types, such as stocks, bonds, annuities, and mutual funds. Securities can pass through a person’s estate, or they can pass directly to a named beneficiary upon death. However, in either case, estate executors must be cautious when handling securities because of the different tax implications.   (more…)

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Consequences to an Executor for Mishandling Real Estate

Posted by Mike In Common Probate Pitfalls, Estate Property Roadblocks 0 comment

Real estate is often a major part of the gifts which pass from a loved one’s estate to the beneficiaries. Unlike stocks and other liquid assets, real estate often has added sentimental value to the beneficiaries with a feeling of history and connection to the property. Many families want to honor their loved one’s wishes by handling the real estate with care.

 

It is very important for estate executors to take steps to protect real estate during the estate administration process. Executors have a fiduciary duty to protect the real estate and can be held responsible for damage or destruction to the property.

 

What should executors do to protect real estate?

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