executors

Executors undervalued Prince’s estate by $80M, IRS claims as it demands millions more in taxes

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Executors undervalued Prince’s estate by $80MILLION, IRS claims as it demands millions of dollars more in taxes The IRS determined that the musician’s huge estate is worth $163.2million  Their valuation is nearly double the $82.3million estimation of his executors The discrepancy involves Prince’s music publishing and recording interests  By Associated Press Published: 16:30 GMT, 3 … Read more

Many people making wills in pandemic named executors but failed to tell them

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Many people who rushed to make wills in the pandemic named executors without consulting them first, according to lawyers. Executors are typically trusted friends or relatives who are tasked with sorting out a will after someone’s death, including doing the administration and distributing assets to beneficiaries. But three out of four people writing wills don’t … Read more