Estate settlement is the administrative process after death: appointing a personal representative, collecting assets, paying debts and taxes, filing required returns, and distributing property to beneficiaries. The timeline varies by state and complexity. Clear records, updated beneficiary designations, and liquidity arrangements-often funded by insurance-speed settlement and reduce disputes among interested parties.

The executor inventories assets, secures valuations, files tax returns, and distributes property. Advisors support with beneficiary coordination, policy claims, and liquidity. Clear files and updated designations minimize delays and reduce family stress during administration.