|
Twelve Months of Financial Milestones
Working with Financial and Legal Advisors |
 |
twelve months of financial milestones
If your loved one had substantial financial assets, his or her estate may be required to file federal and state estate tax returns within 9 months of the death. • File the federal and state estate tax returns, if required. Although the federal estate tax return is due nine months after the death, that date can be extended. You will not have to pay a penalty for an extension, but you will have to pay interest on the amount of taxes you eventually pay based on the length of the extension. The due date for state estate tax returns varies from state to state. Ask your legal advisor for more information. • Consider establishing a memorial
for your loved one if you think you would find that comforting.
|
Within 9 Months
