executors

Executors undervalued Prince’s estate by $80M, IRS claims as it demands millions more in taxes

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The ongoing controversy over the money left behind by Prince when he died without a will is heating up again after Internal Revenue Service calculations showed that executors of the rock star’s estate undervalued it by 50 per cent, or about $80million. The IRS determined that Prince’s estate is worth $163.2million, overshadowing the $82.3million valuation … Read more

Many people making wills in pandemic named executors but failed to tell them

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Many people who rushed to make wills in the pandemic named executors without consulting them first, according to lawyers. Executors are typically trusted friends or relatives who are tasked with sorting out a will after someone’s death, including doing the administration and distributing assets to beneficiaries. But three out of four people writing wills don’t … Read more