If the wife failed to file a timely Form 706 to preserve the husband’s DSUEA, her estate would now pay $1.2 million in federal estate tax, which could have been avoided by filing a timely 706.

An executor is a type of personal representative who’s specifically designated in someone’s will to carry out their final wishes and distribute their assets.

Being an executor of an estate isn't easy, so you should do what you can to help. It can be as easy as making a list and being smart about your email accounts. Kiplinger. Save up to 74%.

Integrity is paramount, as the executor holds significant authority over the estate’s assets and has a legal obligation to act in the estate’s best interests. 3. Time commitment and availability ...