Ascertaining the residue

Question 1

How must PRs handle tax liabilities before distributing the residue?

Answer 1

PRs must calculate any tax liability for which they are responsible and withhold an amount to cover the liability.

Question 2

Can PRs charge for their services?

Answer 2

Generally, PRs cannot charge for acting unless:

Question 3

Can PRs charge for their services?

Answer 3

1. The will authorizes it

Question 4

Can PRs charge for their services?

Answer 4

2. There is an agreement with the beneficiaries.