V
VJMinFL
Guest
I live in Florida, and my father, aged 79, has lived in New Jersey for the last 50 years. Two years ago, he bought a house for my sister in New York. He is terminal, and has closed his apartment in NJ, and moved to his house in NY (my younger sisiter is a nurse, and can help with his final care). He has a will, and has named me the Executor. Due to the stock market slump, his estate cannot fund his bequests ( $3K to each of 16 grandchildren).
Where do the probate papers have to be filed? As the estate is less than $100,000 in total, what taxes come due? If there is not enough in the estate, can I as Executor divide it as I think he would have wanted?
Thank you for your help.
Where do the probate papers have to be filed? As the estate is less than $100,000 in total, what taxes come due? If there is not enough in the estate, can I as Executor divide it as I think he would have wanted?
Thank you for your help.