The pair are so close that each has appointed the other as executor of his estate.
The Keller (Keller is the executor of the estate of Maude Williams) case is back.
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Kelton says a customer should indicate on the form the percentage each heir is to get and the executor of his estate can split the IRA up.
It was not clear whether filing Form 4768 to extend the time to file Form 706 or pay the estate tax prevented an executor from opting out of the estate tax at a later time by filing Form 8939.
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There is an exception for 2010 decedents because an executor can opt out of the estate tax.
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The coin caught the curiosity of Cheryl Myers' brother, Ryan Givens, the executor of his mother's estate.
The spouse is often both the executor and primary beneficiary of the estate.
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"He may have written the fourth to fulfill a contract or because he needed more money, " said Michael Schmidt, the executor of Ford's literary estate.
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If the estate's executor misses that crucial filing, the couple will likely lose the value of one partner's estate-tax exemption.
An executor typically offers the will for probate, takes action to protect the assets of the estate, makes distributions of property to beneficiaries and pays the debts and taxes of the estate.
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Although it is written for the reader who is planning an estate, with information on wills, trusts, taxes and the matter of choosing an executor, the book is also helpful for executors trying to make sense of it all.
FORBES: Understanding the Role and Responsibilities of an Executor
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