Hopefully my final question. Estate 0ut of pocket expenses were re-termed as carrying costs in the demand letter I received . Would that make a difference in terms of a beneficiary not being personally responsible for expenses? Don't think I ever mentioned that the total out of pocket expense or carrying cost was quoted as $20,000 over the past two years, with $5,000 (1/4) being demanded from me. Again, thank you for all the input. Have a great Memorial Day Weekend.
Answered on: 5/24/13, 2:47 pm by Barry Stein
You are not personally responsible for the Estate expenses, but if you want an asset to be transferred and there is no money in the Estate either you pay it or you liquidate the asset.
Did you find this answer helpful?
0 Users found this answer helpful.
0 Attorneys agree with this answer.
De Cardenas, Freixas, Stein & Zachary 25 SE 2nd Avenue Suite 425 Miami, FL 33131► Other answers from this attorney