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Author: billjam Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121144  
Subject: Re: Estate Distributions Taxable as Gifts? Date: 4/6/2013 2:43 PM
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Sorry for your loss.

Let me commend you for your restraint on suggestions. I've been in the executor's shoes and it can be stressful. Fortunately I had a fairly simple estate to settle and we closed late in the same calendar year as the death. I was lucky.

My girlfriend, however, is exectrix for her father's estate and it has split her family. One sister demanded money shortly after his death. Not knowing what all the bills would be, my girlfriend told her she would have to wait. Although she did pay out available cash within a year, that delay, and the fact that his house remains in the estate because his lady companion has the right to live there for life, tore an irrepairable hole in their relationship. To this day that sister won't speak to her and returns all correspondence unopened. Very sad situation.
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