Coping with the death of a loved one is difficult enough without having to sort through all of their financial affairs. Here are a few steps to take to make the process go more smoothly:
1. Contact the executor or trustee of the estate. If a will or trust was in place, the executor or trustee should be contacted immediately so they can begin to carry out the instructions written in the estate planning document.
2. Contact any life insurance providers. If your loved one had life insurance, the company should be contacted so you and your family can receive the benefits you are entitled to.
3. Contact the Social Security Administration (S.S.A.). If the deceased person was a recipient of Social Security, the S.S.A. must be notified.
4. Contact any pension company/entity. If the deceased person received a retirement pension from a company pf government entity, you must notify the company.
5. Contact credit card companies. All institutions where the deceased person had borrowed money need to be notified.
6. Contact a lawyer. A qualified estate planning lawyer can help sort through financial documents and the deceased person’s estate plan. Administer the deceased person’s estate.
Most importantly, remember that you cannot do it all alone. Make sure you ask for help from trusted friends and family members during this difficult time.