What happens when you are the beneficiary of an estate?
What happens when you are the beneficiary of an estate?
If you are an executor and beneficiary of the same estate, you actually have quadruple incentive to make sure you are doing the best job possible. You want to honor the wishes of the person who named you as executor. You want to be honest and ethical. You want to deliver the most possible value to the beneficiaries — including yourself.
What happens when you are the executor of an estate?
These are all very different needs that don’t seem to fit together well. Your financial decisions as executor impact them for better or for worse, including how much each could receive, when they’ll get it, and what related tax consequences they face when it is distributed.
Where can I learn more about my role as an executor?
If you’d like to learn more about your role as an executor and get a free custom plan to help you understand and manage your executor duties, please visit Executor.org. You’ll get a free digital checklist of your required tasks, and have a place to store important information to help you stay organized.
Who is the founder of executor.org?
Patrick O’Brien is CEO and co-founder of Executor.org, a free, comprehensive online resource that helps executors manage their responsibilities and duties in this complex role.
If you are an executor and beneficiary of the same estate, you actually have quadruple incentive to make sure you are doing the best job possible. You want to honor the wishes of the person who named you as executor. You want to be honest and ethical. You want to deliver the most possible value to the beneficiaries — including yourself.
These are all very different needs that don’t seem to fit together well. Your financial decisions as executor impact them for better or for worse, including how much each could receive, when they’ll get it, and what related tax consequences they face when it is distributed.
If you’d like to learn more about your role as an executor and get a free custom plan to help you understand and manage your executor duties, please visit Executor.org. You’ll get a free digital checklist of your required tasks, and have a place to store important information to help you stay organized.
Patrick O’Brien is CEO and co-founder of Executor.org, a free, comprehensive online resource that helps executors manage their responsibilities and duties in this complex role.