Q: Do I have to pay 65% of the will's expenses because I am the beneficiary of 65% of the residuary estate? New York law.
The executor of my mother's estate says that estate expenses come out of the residuary estate, and since I'm the beneficiary of 65% of the residuary estate (and my brother is beneficiary of 35% of the residuary estate) that the estate expenses will have to be paid 65% by me and only 35% for my brother. Is this true?
A: Any estate expenses are paid before distributions. I’m not sure what you mean by will’s expenses.
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