Legal Question in Wills and Trusts in New Jersey

Can an executors fee be paid before the IRS closing letter 627 is received ?

Asked on 1/10/13, 11:37 am

2 Answers from Attorneys

Jonathan Chester Lindabury, McCormick, Estabrook & Cooper, P.C.

Yes, the executor's fee can be [and often is] paid before the IRS closing letter is issued.

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Answered on 1/10/13, 11:41 am
Walter LeVine Walter D. LeVine, Esq.

I agree with Jon. However, NJ can disagree as to the amount of the fee, so I suggest holding some back until both IRS and NJ sign off.

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Answered on 1/10/13, 4:26 pm


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