When we were settling my MIL's estate, when it came time to distribute everything for the final time, our attorney insisted that all recipients submit to my wife (the executrix) a receipt indicating they had received their funds and he cautioned us to wait until all receipts were in before mailing checks. I questioned him on this point; what is the point of insisting people sign a document saying they had received their funds before they had received their funds? He didn't really answer in a satisfactory way. But the same type of advice may be what the poster in question is referring to regarding "signing off" - I can imagine if I were the bad sister in this case I might not bother to sign a receipt for a $1 I didn't get and the executrix may delay distributions for that reason, or perhaps she can't easily close down the whole operation with an outstanding bequest distribution that has not been acknowledged.What signing off is this?Bad idea to leave her "one dollar".
She can refuse to sign off and delay the estate closing............
You don't need to do anything, if you feel so inclined to can mention the party but leave nothing.
Best,
Retired@58
DW and her sister were half and half heirs for their aunt's estate. DW was the personal representative. When the final spending was submitted to the attorney, it was calculated what all fees and lawyer's fee would be and the rest of the estate account was then distributed to the 2 sisters. A final tax return was completed by the CPA. The non PR sister signed nothing. The court closed the estate.
One must assume there's a way around this for small amounts.
Statistics: Posted by 8foot7 — Thu Aug 08, 2024 11:41 am — Replies 14 — Views 949
