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Practical Money Matters Radio Series

December 30, 2013
What To Do When a Loved One Dies

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What actions must be taken on behalf of a deceased person?

Transcript

Many actions must be taken on behalf of a deceased person. Some must be taken immediately, while others can wait.

Once the police or coroner's office has been notified, split up the tasks like notifying relatives and friends, caring for pets, collecting mail and safeguarding the deceased's home.

Locate important paperwork, including a will detailing burial or cremation wishes, a trust, insurance policies and account passwords.

Notify organizations with which the deceased had business, such as employers and insurance companies. Identify the executor who will distribute inherited property, file tax returns and settle any outstanding debts.

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Bottom line: Don't let grief prevent you from helping to settle your loved one's affairs.


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