Thank you again. And i LOVE this service. I'm sorry, final question because I didnt calrify. The IRA listed the 'estate' as the beneficiary (no idea why my dad set it up that way). So, it paid to the estate, and then I (as the executor), paid the funds to all 4 kids. I probably was not supposed to do that until the time that we closed the estate, I'm sure.
You're welcome. Because the estate was the named beneficiary, it did become part of the probate assets, but because the value of the property is close to the loan and the estate had no other assets, you are going to be fine. Just don't make any payments and inform them the estate has no other assets, which it no longer does. :)
29 Years Practicing Law - Including Tax and Estate Planning
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