Just out of curiosity, you mentioned you are the executor of the estate and you are being compensated.
In that event, why have you not engaged legal and tax counsel since there appears to be plenty of cash?
This appears to me to be vitally important since you clearly have no idea what you are doing in terms of preparing and filing the 1041 and other matters (such as what constitutes income and what constitutes corpus - these are very basic concepts).
Are you a friend or family member of the decedent or one of the beneficiaries?
