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What is the name of your state? Pennsylvania
I've done all the tasks for settling my dads estate except the family settlement agreement and distributing the assets. I would like to see a sample family settlement agreement form.
Unfortunately this appears to be a closely guarded secret document.
per original post :
1st distribution went to the joint checking
2nd distribution went to the estate account ,
3rd distribution went to the beneficiaries
The $1200 distribution occurred in 2019, hence the question about my need to amend 2019 return. The $6900 distribution occurred in 2018 as stated in my original post . What's done is done , mistakes happen . I need to know what to do now . I too am thinking probably do amended returns for 2018...
It is my understanding that IRA's with named beneficiaries ,any distributions would go to the beneficiaries .Hence this particular IRA not part of probate process. If the estate is named as a beneficiary then yes would go to the estate account.
we all agreed to just distribute the IRA...
Mistake 1?
I am the executor of my dads estate . Dad passed away 10/26/2018, leaving an IRA approx( $11000.00) with named beneficiaries as us three siblings. Unbeknownst to me until now, eight days after his death the bank took an annual distribution of $6900.00 putting it in his joint checking...
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