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After a death, there are many legal details to sort through. While in some cases, it is not necessary to get a lawyer, it is strongly recommended. A lawyer will make sure all the “t’s are crossed and i’s are dotted”. The time following a death of a loved one is extremely emotional, and even the closest family will have disagreements over the most trivial matters. To make sure there is still peace in the family, it is a good idea to let a lawyer figure things out.
Before getting in touch with a lawyer there are several important documents that you need to gather. Those include:
- Bank Statements
- Insurance Policies
- Vehicle and Boat titles
- Tax Documents
To avoid any complications, the bank should be notified immediately, and you should find out the procedures for releasing these funds, and how to set up a new account for funds received after the death.
A Funeral Director’s Statement of Death is often necessary before anything can be done. This document can be obtained through a Funeral Director. It is a good idea to obtain multiple copies as most agencies require an original and not a photocopy.
Everyone knows they should have a will, but the vast majority – about 70% of us – do not. Writing a will is easy and inexpensive, and once you are done you can rest easy knowing your hard earned money and property will be distributed according to your wishes.
Probate is the legal process that transfers the legal title of property from the estate of the deceased to their beneficiaries.
An executor is the personal representative of your estate. They are the person in charge of taking control of your assets, paying off any debts, and distributing assets to your beneficiaries per the terms and conditions of your will.