Confused about and "estate?"
Someone has asked me to be an executor of his will. He tells me that there will be enough in the "estate" to cover expenses for the funeral, cemetery expenses, and stone. But HE HAS NO ESTATE!- other than the items in his rental apartment which will not pay for much. He has no assets, savings, and does not own his car. He said he does have a "death benefit" policy but says I should use his "estate." I am quite confused as to how I can pay for his funeral and expenses from such an "estate!" Any suggestions?
Thank you