You will need to switch the vehicle insurance to list the person now owning the vehicle as the "named insured" over if someone is keeping the vehicle. You usually have 30 days to do this. If there is not a second person on the policy, call the insurance company right away as other drivers may not be covered. Usually, the executor is covered when driving the car for maintenance purposes, but that is all.
Read MoreYou will need to switch the homeowners or renters insurance over if someone is keeping the house, in order to continue to protect the residence in case of damage (e.g., a storm or fire) or a claim of an injury on the property. You usually have 30 days to do this.
Read MoreYou have 30 days after death to change or cancel the health insurance policy. This can save you from continuing to need to pay for health insurance.
Read MoreCollect life insurance or annuity benefits if the deceased person had a policy. This may be a benefit that goes the estate or to an individual beneficiary.
Read MoreThis 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.
Read MoreTransfer the account so that you can keep paying bills and close down the cell phone line.
Read MoreAccumulating 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.
Read MoreAvoid additional charges, get refunds, and let people know.
Read MoreIf 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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