Manage the responsibilities that come with assets from your loved ones
Part of the responsibilities as an Executor of an estate is that you will be required to file your deceased loved one’s final tax forms. Besides tracking what needs to be filed from the last year of your loved one’s life you will also be responsible for filing the taxes of the newly born estate of your loved one. The taxes may vary depending on the assets your loved one held and what they decided to do in order to hold those assets prior to their death.
Whether you’re leaving property to your loved ones or have been left with assets from your family, the attorneys at Wolfe Ossa Law can help you
If the Will was created properly then it is likely that your loved one may have accounted for taxes and any potential burdens. You can check how asset distributions can affect your taxes or deceased loved ones final account by speaking to a qualified attorney.
Taxes may not be the first thing on your mind after the death of a loved one but at some point, you will need to manage how taxes will affect the estate left by your loved ones.
Meet with a qualified attorney to discuss your needs
Create a plan tailored to meet your specific needs.
Breathe easy knowing that you and your family are secure.