Who is Responsible for Writing the Check for Estate Taxes to the IRS?
Who is Responsible for Writing the Check for Estate Taxes to the IRS? Friday July 31, 2009#spacer{clear:left}#abc #sidebar{margin-top:1.5em}zSB(3,3) Yesterday I wrote about how to reduce or even eliminate your estate tax bill. But what if after all of your careful planning your heirs will still owe state and/or federal estate taxes? Who is responsible for writing the check to the IRS? One of three people: • Your Personal Representative/Executor – If your estate is subject to probate, then the Personal Representative/Executor will be responsible for signing the check and paying the tax bill. • Your Successor Trustee – If your heirs are lucky enough to avoid probate because you were smart enough to create and fully fund a Revocable Livin
