QUESTION
What happens after the estate has been probated & settled all parties have received their inheritance?
Asked on Sep 17th, 2012 on Trusts and Estates - New York
More details to this question:
then a pension fund check is received what needs to be done? Do I have to open up an estate checking account and file a tax return?
1 ANSWER
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As the check is likely made payable to the estate, you will have to open such an account, and also likely file a tax return for the year of receipt of said funds.
Gerry Wendrovsky, Esq.- Upper West Side Lawyer
www.upperwestsidelawyer.com
Answered on Sep 26th, 2012 at 1:14 PM