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The "estate" is everything belonging to the dead person. It is calculated by subtracting everything owed from everything owned. In other words it is what is left after all the dead persons debts and funeral expenses are payed but before any death taxes are calculated.
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∙ 11y ago
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What date is the executor fee calculated on?
It is valued on the date chosen by the executor for the valuation of the estate. Check the laws for the allowable range in your state.
Does the executor's fee include personal expenses and personal labor incurred during the administration of the estate or should this be billed separately to the estate?
The executor's fee is compensation for the work done. It is often calculated as an hourly rate, plus appropriate expenses (mileage, phone calls, etc.). In some places it is capped by law to a certain percentage of the estate's value.
Can an estate ask for some funds back after disbursement because they didn't hold out enough for taxes?
Yes they certainly do have that right. They can recollect some assets if they have mis calculated.
How to calculate a profitable real eatate investment?
A profitable in real estate investment can be calculated using the following formula: Return on investment (ROI)=(gain from investment-cost of investment)/cost of investment.
Who is responsible for mortgage on an estate foreclosure?
The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.
Is a lease estate a freehold estate?
No. A lease is a leasehold estate.
What is a large area of land with a large house on it?
a large area of often with a large house on it
How do you abbreviate estate?
Estate
Which Estate did the bourgeoisie belong to?
The Third Estate was the estate in which the bourgeoisie belonged to.
Who is responsible for deceased child support?
A claim can be made against the estate. However, if there is no estate then the obligee is out of luck.A claim can be made against the estate. However, if there is no estate then the obligee is out of luck.A claim can be made against the estate. However, if there is no estate then the obligee is out of luck.A claim can be made against the estate. However, if there is no estate then the obligee is out of luck.
Does the Unified gift and estate tax credit reduce the size of the gross estate?
No. calculate the taxable estate of the deceased. Determine the estate tax the taxable estate. Add the gift taxes on lifetime gifts after 1976. This is the GROSS ESTATE TAX. Deduct the unified credit from the gross estate tax - this is the estate tax. If its, zero or less - there is no estate tax.
What is the name of a personthat sells house?
real estate agentrealtorreal estate agentrealtorreal estate agentrealtorreal estate agentrealtor
