Services Offered in Chandler Az, AZ 85248
What To Do After Death
| Location: |
Chandler Az, AZ 85248 |
| Description: |
Faced With Losing A Loved One?
Coping with a death in the family and all the duties that fall to family members afterward is always challenging. The closest survivors, especially the spouse, are often responsible for significant financial tax and legal decisions that can impact their long term financial security.
If You Are Here, Then In All Likelihood You Have A Loved One That Has Passed Away.
First off, I want you to know that I am sorry for your loss. I am not saying this in a trite, corporate way; many of us at Keystone have lost family members and loved ones and we understand the unexpected pain, sadness, and grief that follows. I truly hope and pray that you will, at some point and at your own pace, be able to find peace after your grieving.
In the immediate grieving process, there usually isn’t anything LEGAL that must be done in the first few days. Just take care of your family.
The Most Important Things To Take Care Of During The First Week Or Two After Someone Dies, Are:
make sure the funeral arrangements are in place;
confirm the house is secure and items aren’t starting to “walk off”;
request 6-12 death certificates;
secure their paper records; and
forward their mail.
After the funeral or other services are complete and you are ready to tackle the job of winding up their affairs, one of the most important steps is to create an accurate INVENTORY of their assets (property, financial, personal, etc.). To begin that, you need to find out how each asset was owned.
There are 2 broad categories of title registration options: title and beneficiary. Some assets allow the use of designated beneficiaries to receive the asset upon the death of all title owners. Because some assets transfer immediately to beneficiaries, understanding how an asset is titled will help provide for immediate financial needs.
The different options discussed below can apply to assets including real estate, bank accounts, life insurance, and investment accounts. Most of these title registration options do not apply to IRAs, 401(k)s or other tax qualified accounts because these are always registered and titled in the name of an individual person. Also, the title registration should not be confused with the beneficiary designation.
In Trust
Another common title registration option is to title the asset in trust. With a properly drafted trust, assets will pass to the trust beneficiaries without going through probate.
Keystone Law Firm can help you survive the loss of a loved one.
Keystone Law Firm
2701 W. Queen Creek Rd. #3
Chandler, AZ 85248
(480) 418-8448
https://www.KeystoneLawFirm.com |
| Posted On: |
Wednesday, June 28, 2023 |
| Contact Name: |
Expired |
| Post on the Legal Services Forum/BB here |
