Estate & Trust Administration for Dummies

Bys: Munro, Margaret A. and Murphy, Kathryn A.

Your go-to guide for handling an estate or trust with confidence

Being named executor, trustee, or personal representative of an estate can feel like a huge responsibility, especially when you're not sure where to start. Estate & Trust Administration For Dummies walks you through every step of the process, from the first actions you should take through final distribution and tax filings. You'll learn what you can handle on your own and when to call in a professional.

Get clear guidance on navigating probate, settling the decedent's debts, honoring bequests, funding trusts, and meeting your fiduciary obligations. This updated edition covers the latest estate and gift tax figures, SECURE Act 2.0 rules for inherited IRAs, digital asset administration for cryptocurrency and NFTs, directed trusts, and a refreshed state-by-state appendix on intestacy and inheritance tax laws.

Inside: Get step-by-step guidance on acquiring, managing, and distributing estate and trust assets in a responsible way Learn how the updated tax exemption limits and new distribution rules affect your administration duties going forward Discover how to handle digital assets like cryptocurrency and NFTs under the current legal frameworks including the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA) Find out which parts of the administration process you can tackle yourself and when to bring in professional help Explore the refreshed state-by-state appendix covering intestacy rules, estate and inheritance tax requirements, and other key details

Whether you're planning your own estate or have just been named the trustee, executor, or administrator of one, this Dummies guide gives you the practical roadmap you need. Backed by more than 40 years of combined tax and legal expertise, it's the friendly resource that helps you get it right.

• Format: Paperback
• Language: English
• ISBN: 1394471815
• ISBN13: 9781394471812
• Release Date: May 2027
• Publisher: For Dummies
• Length: 432 Pages