Читать книгу Form 1041 - Stephen Brooks - Страница 41

During the period of the administration of the estate, the executor or administrator must take control of the probate assets. Like a trustee, the estate executor bears a fiduciary responsibility to the heirs of the estate to make sure that the assets making up the estate are properly maintained and invested during the period of estate administration. During this period, the estate is a taxpayer and must file a tax return reporting the taxable income earned by the estate assets, and pay tax on that income as well. The administration of the estate will end upon the final distribution of the estate assets.