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Elder-caregivers

samnsara

(18,577 posts)

14. wow that was a LOT of help! especially thr part :

Reply to PJMcK (Reply #1)

Mon Sep 30, 2019, 08:28 PM

Sep 2019

....'You should be aware that fees received by you as executor or administrator are taxable to you as income. On the other hand, funds received by you as a beneficiary are not considered taxable income. Thus, before accepting any compensation, you should discuss the issue with your tax advisor'.

I need to look into Wash State now..

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executor of will question... [View all] samnsara Sep 2019 OP

A few observations PJMcK Sep 2019 #1

oh crap and im also exec for my uncles will.. a 90 yr old curmugeon 45 miles away.. samnsara Sep 2019 #6

Your welcome and one last thought PJMcK Sep 2019 #12

wow that was a LOT of help! especially thr part : samnsara Sep 2019 #14

Going through this now with my Mom's estate. I'm in PA and yes you livetohike Sep 2019 #2

thank you.. after this is over i still have my uncles estate to deal with... samnsara Sep 2019 #7

It varies as your range indicates Jarqui Sep 2019 #3

the estate is less than $300,000 and one of my sisters abscounded about 15K in cash dad kept.. samnsara Sep 2019 #8

You can sweat them out Jarqui Sep 2019 #11

We put in our wills that the executor gets a set dollar amount Canoe52 Sep 2019 #4

I think Ive seen that in line.. I will go thru their wills with a fine tooth comb.. samnsara Sep 2019 #9

I think it really comes down to whether there are creditors or heirs who question whether Hoyt Sep 2019 #5

yes I gree. we have will attny and Im sure he can answer some questions... samnsara Sep 2019 #10

well hell this is for NY state..will have to research for WA state... samnsara Sep 2019 #13