Savvy Senior - How to Settle a Loved One’s Estate

Dear Savvy Senior,

My 77-year-old aunt recently asked me to be the executor of her estate when she dies. I feel flattered that she asked, but I’m not sure what the job entails. What can you tell me, and where can I get some help?

Honored but Clueless

Dear Clueless,

Serving as the executor of your aunt’s estate may seem like an honor, but it’s also a big chore. Here’s what you should know to help you prepare for the job.

Understand the Duties

As the executor of your aunt’s estate, you’re essentially responsible for winding up her earthly affairs after she dies. While this may sound simple enoug...