Anderson Lafontant | Source | Senior Advisor Advanced Planning at Miracle Mile Advisors

It can be a very time-consuming and stressful job. You not only have the responsibility of acquiring, assigning and distributing the assets of the estate, but you also have a legal fiduciary responsibility to do so in a manner as intended by the original owner. The executor will oftentimes have to deal with liquidating assets in order to pay off any outstanding debt assigned to the estate, which could cause a fire sale within a short time frame.

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