Aunts Seek $10,000 Each From Nieces to Cover Executor Tax Bills
Updated
Updated · Slate · Jul 1
Aunts Seek $10,000 Each From Nieces to Cover Executor Tax Bills
1 articles · Updated · Slate · Jul 1
Summary
$10,000 apiece is what two aunts asked their nieces to pay after earning taxable compensation as executors of their late mother's estate.
The estate itself was split equally among the two nieces and two retired aunts, but the executors' separate income is taxed while the inheritance is not.
Slate's advice column said the tax liability belongs to the aunts because they accepted paid executor roles, and the nieces have no obligation to subsidize it.
The response suggested one sister may contribute to preserve family peace, but the other can decline and simply acknowledge the aunts' help during the mother's illness.