Tag Archives: executor

Are you an Executor?

30 Aug

How many times has someone told me, “I’m my mom’s executor”, and I have responded, “No you’re not.  Your mom is still alive!  You’re not an executor until she is gone.”  I usually tell them more.  I have to add quite a bit more information because they just keep adding layers of complexity and formality […]

Our New Taxes

09 Feb

So we all heard that there was no estate tax in 2010, but did you know that there were no step-up in basis rules?  You see, in the years prior to 2010, when someone died and their will gave you their house, you usually got what is often called a step-up in basis.  Your basis […]