After a loved one’s death, it’s important to keep an estate from stalling
As families navigate the death of a loved one, the first 10 days after the loss are an important time to make sure estates are organized.
PHOENIX — As families navigate the death of a loved one, the first 10 days after the loss are an important time to make sure estates are organized.
The best way to keep an estate organized is by having a system in place.
Keeping track of assets such as bank accounts, retirement plans, insurance policies, vehicles, debts, and bills can also be another helpful tool in keeping an estate organized.
As part of creating a checklist, providing death certificates and showing proof of who is allowed to act for the estate are very important in the first 10 days. Failing to act quickly can cause institutions, such as banks, insurers, government agencies and employers to delay or impede the dissolution of an estate.
Keeping the checklist in order can prevent families from having to resubmit paperwork or repeat phone calls.
Enterprize Estates Advisors will help you with your estate needs and plan the execution promptly.
Enterprize Estates Advisors’ checklist for the first 10 days after the loss of a loved one
· Collect certified death certificates and locate the Will and/or Trust (including amendments)
· Identify who is legally authorized to act for the Estate
· Create one secure physical and digital folder for all documents
· Start an asset inventory: bank accounts, retirement plans, insurance policies, real estate, vehicles, debts, and recurring bills
· Route mail to one controlled location, as statements often reveal unknown accounts
· Confirm insurance coverage, especially if a home will be vacant
Who to turn to for estate needs?
Enterprize Estates Advisors will help you with all your estate needs so you and your family can focus on grieving after the death of a loved one.
Enterprize Estates Advisors will provide support on taxes, securing and keeping an asset inventory, executing trusts and wills, and coordinating documents to make sure estates are executed in an organized manner.
Additionally, they will also track deadlines, beneficiary updates and closeout records to avoid delays and for estates to be closed out.
For more information, visit online for a free consultation or call 623-387-3141.
Comments