This means compiling a list of real estate, personal property, bank accounts and debts as line items with a detailed description of each item and its fair market value.
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Transfer the account so that you can keep paying bills and close down the cell phone line.
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Accumulating mail can attract attention from would-be-thieves. It may also be upsetting to continue receiving advertisements for the deceased person.
Read MoreYou will need to provide valid proof that you are the appointed executor or administrator and authorized to manage the deceased person’s mail.
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Avoid additional charges, get refunds, and let people know.
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If there is a mortgage, the lender may pay the property taxes. If the deceased person was paying property taxes, the estate will need to keep paying property tax bills. If payments stop, the taxing authority may place a lien on the property and eventually foreclose. However, some states give exemptions after a death and no one can force you to pay if you didn't own the home or sign the loan.
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The home is often the largest asset and burden to deal with. Generally, you can keep the home and figure out what to do about the mortgage or sell the home.
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Going through the deceased's personal property and belongings can emotionally difficult and cause family conflict, but it can also be a time to share memories and find ways to remember the deceased.
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Many people view their pets as family. To respect the deceased person, it is important to find the pets a good home.
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The deceased person may have been a caretaker for an elderly spouse, relative, or friend. There are many options to arrange for their care - including another family member or friend, home care, or a living facility.
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