Summary:

In this episode, the hosts delve into the concept of the executor's year, exploring its significance in estate administration. The executor's year refers to the idea that within a year of the date of death, the distribution of the estate should ideally take place.
 
The discussion revolves around legal principles, potential challenges, and the responsibilities associated with the executor's year.

Key points:

• A concept suggesting that the estate distribution should occur within a year of the individual's death.
• Estate administration varies widely based on factors such as business assets, tax issues, litigation, and contentious beneficiary disputes.
• The timeline for estate closure is not rigid, with complexities determining the duration.
• Delays may lead to additional costs, such as extended accountant fees for filing tax returns.
• Executors may consider interim distributions after completing certain estate administration milestones.
• Beneficiaries can cite the executor's year in claims against the estate, emphasizing the need for timely action.

Hosts:
Jenna Carvalho
The smartest way to choose an executor.
Guardian Estate Company
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Gordon VanderLeek
Give your family a legacy of protection - Wills, Estates and Trusts.
VanderLeek Law
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