Even after the funeral arrangements have been completed, other tasks need to be tended to. In most cases, the estate's executor will handle many of these. With that in mind, if you are arranging the funeral service details, you will likely share some of the responsibility for settling the estate as well.
Please keep in mind, this information should be used as guidance only and not actual
legal advice. You should speak with an attorney if you have any questions about
settling an estate.
When someone passes away, their accounts are not automatically closed, and property ownership isn’t immediately transferred. Upon learning of a loved one’s passing, the executor(s) should locate the deceased’s will to review any bank accounts, investments, creditors, benefits, insurance policies, and any other legal or financial accounts that are open in the deceased’s name.
After reviewing the will, they need to notify any businesses with ongoing business with the deceased. This is very important as these institutions need to know if payments should be suspended. Lastly, the executor should review and decide whether to delete or close any online accounts of the deceased.
If the deceased has any minor children or pets, they must be cared for. The executor should review the will and consult with family and friends to determine whose care the children or pets will be placed in. In the case of children, the deceased’s will likely state who will become the children’s legal guardian.