Tag: estate

The Cautionary Tale of Steve McNair

The Cautionary Tale of Steve McNair

Former NFL quarterback Steve McNair was shot and killed in what police have deemed a murder-suicide on July 4, 2009, apparently at the hand of his mistress. He left a wife, Mechelle, and four young children (two from a previous relationship), and no will or estate plan. McNair’s estate is sizeable. He earned more than more »

Estate assets

Understanding Estate Value

After a New York decedent passes away, the executor or personal representative of the estate must determine the value of the estate in order to pay creditor’s claims, distribute assets to the decedent’s heirs and pay any estate taxes. To accomplish this task, the personal representative must locate the decedent’s assets. Assets may be contained more »