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While the majority of people enjoy to offer this care and do not anticipate to be compensated,doing so can eventually benefit the senior estate.
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The trustee is responsible for annual tax returns and may be required to file regular accounting at the request of beneficiaries,depending on state law The Law Firm of Steven F.Bliss Esq.Point Loma Trust Attorney In some circumstances,someone who wants to deal with the estate of someone who has died will have to apply for letters of administration,rather than probate.
Irrevocable Life Insurance Trust steveblisslaw com Mira Mesa Probate Attorney However,while an estate account is not required by law,it’s a much better option for both your estate and your executor.
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