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#1
07-09-2009, 04:49 PM
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Estate reports
Here's a question for any of you attorneys out there. Is there a specific form or a minimum of required information that is required from the executor of an estate? What I mean is that I have seen estate reports in the past that were very detailed and contained inventories of personal property with appraised values. I presumed that this was done for the benefit of the taxing entities and therefore required by law. Is this correct?
I'm not as concerned about real property and investments such as stocks and bonds as I am about things that might possibly be carried off by various family members. So of these items are doubtless nearly worthless other than having sentimental value. Others may be quite valuable like jewellery, art, antique furniture, etc. This estate falls below the level for federal estate tax but is still subject to state taxes, I believe.
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