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Tax Guy: How to file a loved one’s taxes after they’ve passed away

A loved one who was “financially comfortable” has passed away. What happens now tax-wise? Good question, especially if you’re the one responsible for taking care of such matters. This column addresses some of the most important tax-related considerations in this scenario. In two earlier columns, I covered other tax issues. Please read those along with this one to see the full picture. See How to avoid painful tax issues when settling a loved one’s estate and 5 key questions when you’re responsible for a loved one’s estate.

The role of the executor

When a loved one (the decedent) passes away, someone must take on the job of winding up the financial aspects of the estate.

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