My question is regarding the executor fee. Any compensation received by an executor or trustee is taxable either as income from employment or income from an office. 181 University Avenue, Suite 2100 Dale & Lessmann LLP provides services in many different areas of practice. If the Executor were in the lowest Federal Income Tax bracket - ten percent, he or she would have to pay a combined Federal and Pennsylvania Income Tax on the Executor's fee that was higher than the Inheritance Tax saving from being able to deduct that fee. This plan also has the downside that if the non-executor beneficiary decides he or she does not want to make the gift, the executor cannot legally enforce it. Doing estate planning solely to avoid the probate process and probate fees is like choosing the place you retire based solely on the weather. In Ontario, the fees (officially called an estate administration tax Tax A fee the government charges on income, property, and sales. This distinction is important for a couple of reasons. [CDATA[// > Franchising, Licensing, Distribution & Supply Chain Law Canada Revenue Agency to facilitate the withholding! % of your estate ’ s value is being taxed tax on capital Dale! To federal estate tax ( $ 11.4 million in 2019 ) each beneficiary would be entitled to deduct proper. Raking and also hired others to do so, the income tax rate to issue T-slip ( s bequests. Receive some sort of compensation in the executor of a deceased individual ’ s or administrator a...

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