Explains an executor's duties, describes the needs and emotions of the bereaved, and discusses probate, life insurance, government benefits, bank accounts, real estate, debts, estate taxes, and charitable bequests Found inside ��� Page 254surviving spouse a testamentary power of appointment. A general testamentary power of appointment clause usually gives the trustee fairly specific ... Found inside ��� Page 387to income tax returns when one spouse dies during a taxable year which began on ... after a joint return is made by the surviving spouse , the executor or ... Found inside ��� Page 8134make a return for 1948 , the surviving an agent 11 , by reason of illness , the person spouse may not thereafter make a joint liable for ... The taxsurviving spouse and the executor or ad payer and his agent , if any , are responsible ministrator . Found inside ��� Page 362The above exception shall not apply if the surviving spouse remarries before the close of his taxable year , nor if the ... the death of one spouse or both spouses the joint return with respect to the decedent may be made only by his executor or ... Found inside ��� Page 205The executor delivers half of the net balance of the joint estate to the surviving spouse ; the other half devolves on the heirs of the predeceased spouse . If , at this stage , there are still antenuptial debts of either the husband or the wife , these ... Found inside ��� Page 87If, however, the deceased spouse should, prior to her death, make a return ... must be made by both the surviving spouse and the executor or administrator. Found inside ��� Page 299Code 88 213 ( c ) and Executor ( and 2053 ( a ) ( 3 ) surviving spouse if joint return ) Code $ 6501 ( d ) Executor Form 4810 Request prompt assessment of income and estate tax Limitations Period Reduces limitation period for assessing a ... Found inside ��� Page 367The executor or administrator , or surviving spouse , or any heir , or any devisee or legatee having an interest in such a contract , may file a petition for the alteration or cancellation of the contract in the probate court of the county in which the ... Found inside ��� Page 516Aalent N of 11 end adat as afte DAVE Don Son Guidance on Electing BACKGROUND if the executor of the deceased spouse Portability of Deceased timely files a ... Found inside ��� Page 85The joint return , if one is to be made , must be made by both the surviving spouse and the executor or administrator . In determining whether an executor ... Found inside ��� Page 30An attorney should not advise an Executor to act contrary to the statutory law of ... A surviving spouse is given the Decedent's property under the Will. Found inside ��� Page 45Executors often will determine at the death of the first spouse that income is more than adequate to provide for the health , maintenance , and support of the surviving spouse . The IRS has ruled that , if the likelihood of any invasion of corpus ... This practical, authoritative guide contains advice for handling estates and trusts large or small, offering solid advice on reading and interpreting documents, and helping anyone involved in an estate or trust avoid paying too much, or too ... Found inside ��� Page 123The executor must inform you of the basis of such property. ... The surviving spouse's basis for his or her half of the property is 50% of the total fair ... Found insideThe first limitation is that if the surviving spouse remarries before the ... executor or administrator , as defined in paragraph ( c ) of $ 1.6013-4 . Found inside ��� Page 81The contingent QTIP election provides the executor with optimum post - mortem planning flexibility , especially in situations : 1 . where the surviving spouse has a short life expectancy ; and 2 . to equalize the estates of the spouses to take ... Found inside ��� Page 47-4321 For returns filed on behalf of a missing spouse , who is later determined to have died , the decedent's executor or administrator can revoke the election , up to one year after the due date of the surviving spouse's return . 22 $ 47:29 Joint ... Found inside ��� Page 18First , the clause operates only if the surviving spouse dies within six months ; the Smith clause operates if the spouse survives ... If the wills of the client and his spouse use different executors after the survivor ' s death , consideration should be ... Found inside ��� Page 5-71A distribution to a surviving spouse of delayed income from a QTIP trust is ... Under $ 2207A ( a ) ( 1 ) , the surviving spouse's executor has the right to ... Found inside ��� Page 122Name and Address of Executor or Authorised Agent and Period is shorter or longer than 30 Days . ... 1960 , and Executors and Trust Company , Limited , 32 Union Street , East surviving spouse , Isabella Walker ( born Strathearn ) London ... Found inside ��� Page 20If , however , the deceased spouse should , prior to her death , muke a return for 1948 ... by both the surviving spouse and the executor or administrator . Estate Planning For Dummies gives you the complete lowdown on: Figuring out what you're really worth Mastering the basics of wills and probate Using will substitutes and dodging probate taxes Setting up protective trusts, charitable trusts, ... The Executor's Handbook, Third Edition is a step-by-step guide to settling an estate for personal representatives, administrators, and beneficiaries. Found inside ��� Page 930If an executor or administrator of the decedent is appointed after the making of the joint return by the surviving spouse , the executor or administrator may disaffirm such joint return by making , within one year after the last day prescribed by law ... Found insideThe classes consist of (1) a surviving spouse, (2) the deceased's children and grandchildren, (3) the deceased's parents, (4) the deceased's parents' ... Found inside ��� Page 489The executor then makes a determination of the amount of the decedent ' s applicable credit to use , based on the values of the decedent ' s estate , the surviving spouse ' s estate and the applicable tax law in effect at the decedent ' s death . Found insideAs a surviving spouse, you may not file a joint return for you and your deceased ... A final return for the deceased spouse must be filed by the executor or ... Found inside ��� Page 26A surviving 362 spouse to whom such authority is granted shall be 363 under a duty to account to the executor or adminis364 trator , and in the case of community real property , 365 to the heirs or devisees of the deceased spouse . Be366 fore ... Found inside8��� 100 is made by such executor or administrator. In such a case, any return made solely by the surviving spouse shall be treated as his separate return. The joint return, if one is to be made, must be made by both the surviving spouse and ... Found inside ��� Page 64If an executor or administrator of the decedent is appointed after the making of the joint return by the surviving spouse, the executor or administrator may disaffirm such joint return by making, within one year after the last day prescribed by law ... Found inside ��� Page 449ginning July 1 , 1956 , no joint return ( 4 ) If an executor or ... year ending turn for the deceased spouse is made by June 30 , 1956 . such executor or ... Found inside ��� Page 655Discretion of court 2 Descent And Distribution Com 52 ( 2 ) Judge may compel executor or administrator of thoroughly solvent succession to advance to 1. Advances or allowances ... Executors And AdIssue of surviving spouse's right to marital ... Found inside ��� Page 9-7If an executor or adminisof the decedent is appointed after the making of the eturn by the surviving spouse , the executor or adrator may disaffirm such joint return by making , 1 year after the last day prescribed by law for file return of the ... Millions of baby boomers are currently (or will soon be) serving as executors, and this book shows exactly what to do to make the job manageable. Found inside ��� Page 969If the executor is the surviving spouse , the client might want to give the spouse complete discretion , and explicitly provide that the spouse , as executor , would not be required to treat all beneficiaries fairly . b . Favor Particular Specific ... Found inside ��� Page 20If , however , the deceased spouse should , prior to her death , muke a return ... be made by both the surviving spouse and the executor or administrator . Found inside ��� Page 35-99A joint return also may be made by the survivor for both himself and the deceased spouse for the calendar year 1957 if it is ... The joint return , if one is to be made , must be made by both the surviving spouse and the executor or administrator . Found inside ��� Page 920The surviving spouse is the sole executor of the estate . The surviving spouse as executor transfers the IRA assets directly from the estate to an IRA in ... Found inside ��� Page 100TM This arrangement guarantees that the executor must distribute to the surviving spouse an amount which is in fact at least equal to the federal estate tax marital deduction allowed. The surviving spouse may receive more than the amount of ... Found inside ��� Page 1-1( 4 ) If an executor or administrator is appointed at or before the time of making the joint return or before the last day prescribed by law for filing the return of the surviving spouse , the surviving spouse cannot make a joint return for himself and ... Found inside ��� Page 89The above exception shall not apply if the 5 surviving spouse remarries before the close of his taxable year , nor if 6 the ... decedent may be made 10 only by his executor or administrator ; except that in the case of the 11 death of one spouse ... Found inside ��� Page 55On petition of the surviving spouse , the executor or administrator , an heir , legatee or devisee , or a creditor of the estate , the court may hear evidence and may increase or diminish the award as justice requires . ( Amended by Act approved ... The manual provides accessible, practical and thorough coverage of this key topic, including example precedents, and fully explains the legal background to procedures. Presents a comprehensive guide for readers who need help understanding the basics of the procedures that settle an estate. This updated edition of Estate & Trust Administration For Dummies guides you through the confusing process of administering an estate and/or trust. Of appointment may receive is the surviving spouse the executor than the amount of Third Edition is step-by-step. The sole executor of the estate ��� Page 920The surviving spouse and executor. 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