March 2019 Archives

Executors and the value of an estate: what to know

Many wills and estate plans only call for an executor to preserve the assets of the estate. Executors have no obligation to do anything to actively increase the value of an estate’s property and assets. However, as Marketwatch explains, there have been executors who have tried to boost the value of the estate, perhaps because they may end up benefiting from it. However, this is a risk that New York executors should not take, as it could open an executor up to being held liable by the beneficiaries of the estate.

Joseph A. Ledwidge, P.C.
17026 Cedarcroft Road
Jamaica, New York 11432

Phone: 347-395-4799
Fax: 718-701-3726
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Joseph A. Ledwidge, P.C.