Family members often struggle with what to do when a loved one passes away. Whether a death is sudden or expected because of old age or illness, the details can still be daunting. Below are five things we recommend to help you through this difficult time.
1. Secure the Assets of Your Loved One
We often find that estates lose substantial value in a very short time period following death. This occurs because cash, personal property, and other assets are not secured and individuals make off with the property before family has a chance to know what is missing. This is often the result of a simple misunderstanding of what the decedent wanted to happen with their property. The only way that assets can be transferred from a deceased individual is through estate planning documents. A simple spoken word is generally not enough to transfer ownership to another person.