My wife recently passed away and I've been told by certain advisors that I should open a probate estate. Is this something you advise that I do? Is there any reason not to open up one?

ANSWER

Expert Joseph Caplan's Answer:

Should your wife's assets exceed a limit that is established by your residency state, you must form an estate & administer it as per her will.

Joseph Caplan, CPA

New York

9 yrs experience

Currently 4.0000/5 Stars.
1
2
3
4
5

14 Ans.

SEARCH QUESTIONS

Tax Question?

Get Expert answers to your tax and finance questions.

Tax Deductions

Will A Roth IRA Conversion Trigger Self Emplolyment Tax?

My Employer Just Said That My 2008 W-2 Form Is Wrong!

More Dollars Going To New York Sales Tax.

Entries published weekly
on the BIDaWIZ Blog

Learn More

ABOUT SSL CERTIFICATES

The BIDaWIZ experts specialize in:

We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2024 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions

Personal Tax

Estate Tax

QUESTION DETAIL

My wife recently passed away and I've been told by certain advisors that I should open a probate estate. Is this something you advise that I do? Is there any reason not to open up one?

Joseph Caplan, CPA

Accounting

Business Tax

Personal Tax

Business Finance

Personal Finance