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How to Change the Executor of a Will

Drafting a last will and testament can help to ensure that your assets are distributed according to your wishes after you pass away. You can also use your will to name a legal guardian for minor children or choose an … Continue reading →

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A Guide to Schedule K-1 (Form 1041)

Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiary’s share of an estate or trust, including income as well as credits, deductions and profits. … Continue reading →

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Can I Inherit Debt?

When someone passes away leaving debts behind, you might be wondering if you have any personal liability to pay them. If you have aging parents, for instance, you may be worried about having to assume responsibility for their mortgage payments, … Continue reading →

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COVID-19 Gives a Boost to Estate Planning: How You Can Get a Will Done—and Fast

If you don’t have a will or trust—or you’ve never considered who will inherit your assets—now’s probably a good time to put your affairs in order.

The post COVID-19 Gives a Boost to Estate Planning: How You Can Get a Will Done—and Fast appeared first on Real Estate News & Insights | realtor.com®.

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