No matter how inevitable death is, one can never prepare enough for it.
Despite the excruciating pain associated with a loved one’s death, some urgent tasks always need to be carried out.
Managing the estate plan is one of such legal matters that require immediate consideration.
Let us help you understand how to best manage the estate plan in the shadow of a loved one’s sad demise.
Sharing The News
Informing family, friends, and work colleagues must be one of the first things. Sharing the news with others helps assuage some pain and find relief.
Informing Relevant Authorities
After close family and friends, you must inform the relevant authorities, including the social security office, banks, and mortgage companies.
The job to inform all relevant officials must be done by the executioner of the estate since the executioner has the legal authority to look into the deceased person’s physical and virtual storage.
Acquiring The Death Certificate
Most institutes require proof of death, which in most cases, is the death certificate.
After a loved one departs, you should contact the funeral home or medical examiner to provide you with the death certificate. Next, you can begin filing for access to your bank account, insurance, and filing for probate with professional guidance.
Executing The Will
Executing a will is simple if it’s crafted during the author’s lifetime with professional help.
Thus, you must begin locating the will, which is likely to contain all details for a funeral and how to manage an estate.
In the absence of any will, contacting the loved one’s attorney or a credible wills and trusts attorney is the right way to go.
Manage & Settle The Estate
There are usually two aspects to an estate.
First, all the outstanding bills have to be settled and accounts closed. Ultimately, the remaining assets will be distributed amongst the beneficiaries and trustees.
After settling some tasks, a process will have to be put in place to sustainably manage the estate according to the loved one’s will.
With the help of a legal attorney who specializes in managing an estate, you can conveniently fulfill the duties of an executioner of the estate.
Conclusion
Recovering from a loved one’s death is a tricky and painful process.
Thus, you must reach out to qualified attorneys to simplify managing an estate plan after a loved one’s death.
Feel free to get in touch with LCP&C for on-point advice or legal counsel at any time!