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As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.
As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.
As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.
As long as the executor has been duly appointed by the probate court they can charge the expenses associated with the handling of the estate to the estate and get reimbursed from any estate assets.
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What are the Examples of outstanding expenses?
Examples of outstanding expenses include unpaid salaries or wages, accrued interest on loans or credit, unpaid rent or utilities, and unpaid taxes. These expenses have been incurred but have not yet been paid for or recorded in the financial statements.
Can an estate executor pay themselves or others?
An executor of a will may be paid for work done on the estate if the will states they are to be paid. Most states will allow expenses to be paid within reason to the executor, but they must show proof.
In the death of a spouse who is resonsible for unpaid medical bills after the insurance has been paid?
The remaining spouse or executor of the deceased's will.
What is the fee an executor receives in Virginia?
In the state of Va. the executor receives 10% after all bills are paid of the deceased. Second the executor is paid their 10%, third the executors expenses and reimbursements are paid and finally any inheritance left and designated per the will are disbursed accordingly.
Differnce between outstanding expenses and prepaid expenses?
prepaid expenses are paid in advance and they are called current assets.The outstanding expense is the unpaid money,still owed.
How much should an executor get paid?
Executors don't normally work on commission. An executor is entitled to a reasonable fee for services rendered. The probate court may even have a published fee schedule based on hourly rates. The executor must submit a detailed accounting of the estates assets and the distribution, including their fees,to the court for approval.
What is out standing expense?
The expenses remaining unpaid at the end of the accounting period are called outstanding expenses.Certainly expenses like salaries,rent etc. of the every month will be paid in the next months.
Distinguish between outstanding expenses and unexpired expenses?
Those expenses which have been paid in advance and whose benefit will be available in future are called unexpired or prepaid expenses. e.g. insurance premium The expenses remaining unpaid at the end of the accounting period are called outstanding expenses.Certainly expenses like salaries,rent etc. of the every month will be paid in the next months. By ADITYA (UPES)
How are accountants affected on black Friday?
Actually, "Black Friday" is an accounting term referring to when a business begins to make a profit. Red is expenses that are not paid. Black is used for when there are not any lingering unpaid expenses.
Can pay dividends even there is an unpaid subscribed capital stock?
cash dividends due on delinquent stock shall first be applied to the unpaid balance on the subscription, plus costs and expenses. stock dividends shall be withheld from the delinquent stockholder until his unpaid subscription is fully paid.
What is unpaid?
An Unpaid mortgage is a mortgage that has not been paid
What is unpaid mortgages?
An Unpaid mortgage is a mortgage that has not been paid
