Q: Shall a small estate administrator who is also a sole beneficiary say "no funds of the estate remain in my possession"?
I am both an administrator and the sole beneficiary of my late father's (small) estate in NY. I've already got letters of administration from the surrogate court. I paid funeral expenses two months ago with my own funds. After I distribute the remaining funds to myself, I need to fill out the form to close the estate. Last item on the form has a check mark for "no funds of the estate remain in my possession." Should I mark it even though I transfer everything to myself so essentially everything would be in my possession?
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