Reply to Executor not providing information and stalling distribution

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. I don’t think she’s trustworthy. As soon as she took over my dad’s finances she paid herself $10k that she said she was “owed.” And she has been paying herself $3k a month since then for I don’t know what.[/quote]

If she’s working 30 hours a week on this that’s $25/hour. Executors can get paid by law. Is there any reason your dad didn’t name you? [/quote]

There is zero chance the sister is “working 30 hours per week” on an estate that encompasses just two homes and simple cash (per OP)

Don’t be stupid [/quote]

Also, it is not a financially smart move to take payment from the estate for executor duties because that money would be liable for federal taxes as ordinary income. Better to split the estate equally with the other beneficiaries because amounts received as bequests are not taxable income for federal purposes. With a relatively smaller estate, I’d rather keep more of the funds in the family if possible.

People should discuss tax implications with their own CPA so they don’t accidentally do something that could end up costing more in taxes. 
[/quote]

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