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Do you have any recommendations or tips for selecting an executor of a will? I am putting together my will and I want to make sure I know my options and choose someone who is capable of taking on this responsibility. An executor is the person or institution that will be in charge of administering your estate and carrying out your final wishes. Choosing an executor is one of the most important decisions when preparing a will. A good executor can help ensure the prompt and accurate distribution of your possessions with minimal problems. Some of the required duties include: filing court papers to start the probate process; managing your estate's assets; using your estate's funds to pay debts, taxes and bills; handling details like terminating credit cards and providing notice of death to banks and government agencies, like the Social Security Administration and the U.S. Post Office;...
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National Taxpayer Advocate Nina E. Olson will be retiring on July 31, 2019. In her final report to Congress, Olson expressed her appreciation for the opportunity to serve taxpayers. "I am enormously grateful for the opportunity I've had to advocate on behalf of our nation's taxpayers," Olson noted. "Amazingly, despite the challenges of complying with our multi-million-word tax code, more than 150 million individual taxpayers and more than 10 million business entities do their civic duty every year by filing income tax returns with the IRS. That is an extraordinary achievement and one we should not take for granted." Olson has also been at the forefront of efforts to improve IRS services. She used this final report to explain some specific concerns about the IRS. Olson noted, "But even as the system works for most taxpayers most of the time, it doesn't work for millions of others....
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A businessman with a $2.5 billion estate passed away in 1976. He was single and many individuals, mostly unrelated to...
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