I am the executor of my moms estate.
I am the only child and sole beneficiary of her assets.
The only additional beneficiary was my minor son who inherited a specific $ amount. This amount has already been distributed.
When I probated her will I opened :
- a federal tax id #
- an estate bank account
Since I have no essentially settled everything with the estate (distributed funds to my son and sold my moms house), I now need to close the estate.
Aside from below is there anything else I need to do?
Close Estate Bank Account
Close the federal tax id #
File IRS taxes form 706 (distributing K1 forms to myself and son)
I am in New Jersey and I am not aware that NJ requires anything else to be done.
Does anyone have any insight?
Thanks In Advance
