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Originally Posted by firebug
I'm sure your Certified Executor Advisor touched upon this with you ;-)
The issue to be clear on is that executor's fees are taxable income and if the executor has a significant share of the estate's they end up trading tax free inheritance and turning it into taxable income. Best to talk to your tax advisor to see if it makes sense.
Now if the other beneficiaries decide to give the executor a really nice birthday present... well that is awfully thoughtful of them.
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My advisor sounded like he didn't know what he was talking about, so I didn't listen to his ramblings.
That does sounds like a lot of work, I'll just not charge anything to my bro, he's busy making the next Avengers movie in New Zealand. He'd help if he was here. haha