Surprise: You’ve been named executor for a deceased relative’s estate. Never done this before? Here’s what to know
You’re in charge of settling a deceased relative’s estate. And, if you’re like many people, you have no idea what to do.
In the most simple terms, doing the job right primarily means carrying out the wishes of the deceased in a timely fashion. But depending on how much planning was done, a family member left with this responsibility can face formidable legal, administrative and tax-related tasks. There also may be complications if heirs object to the way assets are to be distributed—or if assets such as art or property must be liquidated to generate cash for distribution.
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