First Order of Business The estate will most likely have to go through probate, guided by the executor of the estate and an attorney. Within the first month, and up to four months for a large estate or in states without streamlined procedures, the estate follows the instructions laid out in...
If the deceased had a balance on their credit card, it will need to beresolved through their estateby the executor of the estate. This will be a part of the probate process. At no point should you pay a creditor using your personal funds. Instead, the creditor should petition the estate...
"Transfer on Death" (TOD) 是一种在某人去世时，其指定的资产（通常是证券或账户）会自动转移给指定...
The executor is responsible for filing an inventory and appraisal of the decedent’s assets with the probate court within 90 days following the death. Make a list of everyone who sends cards, flowers or donations so acknowledgements can be sent later. After the funeral or...
What Happens to Debts After Someone Dies? When someone dies, a legal process called “probate” is initiated. Assuming the person who died wrote a will, this process is managed by the individual the deceased designated in their will as theirexecutor. Among other things, the executor is respons...
Bring the death certificate and proof of probate to the bank. If the individual left a will, the money in the bank account becomes part of the estate. It can be accessed only by the executor of the will as part of the probate process, after the court approves the will and the distribu...
To be clear here, the estate (by way of the executor or administrator of the estate) is responsible for making the car payments while the probate process is ongoing. The beneficiary (the one ultimately receiving the car) should not make any payments until the estate has officially transferred...
Speaking from experience with both, Trusts are usually quicker & much simpler for survivors than the lengthy Probate process. Your estate executor may be required by the court to close & liquidate your accounts. Official copies of the death certificate, legal will and other proo...
Since a death certificate is legal proof that someone is dead, it can serve many purposes. It is especially useful and important document for an executor of the estate to have to settle the deceased’s affairs and beginprobate. However, the executor is not the only person who might need on...
In July, 2021 I had a health scare that pushed me to get serious about creating a “Death File.” The short version of the story is that I woke up one morning with a stomach ache and soon after, began throwing up and also had a bad case of diarrhea. ...