Blog

Securing your loved one’s assets after their passing is a crucial step for executors. While most of the tasks involved in this process are not urgent, taking control of the assets as soon as possible is essential.

To ensure that all assets are protected, it is important to take control of all keys, security devices, and passwords. If this is not possible, it is crucial to promptly notify those with access that they must consult with you first before accessing any estate assets.

It is also important to take reasonable steps to protect valuable assets such as the house, car, contents, and other valuables. It is recommended to check if these assets are properly insured, and if not, take out new policies. Additionally, it’s important to inform insurance companies of the deceased’s passing.

When dealing with perishables or animals, it is necessary to take appropriate action to ensure their proper care.

Another important step is to notify relevant banks and financial institutions of the deceased’s passing to prevent any unauthorized transactions.

If the deceased had a Power of Attorney or Enduring Power of Attorney, it is necessary to notify the individual of the passing and collect any relevant documents. It’s important to note that powers granted under these arrangements cease upon death.

Lastly, it’s important to redirect the deceased’s mail to you or keep an eye on the mailbox. If the estate includes a business, seeking legal advice as soon as possible is highly recommended.

At Caring Estates, we understand how difficult it can be to navigate the complex process of estate management. That’s why we provide transparent and compassionate legal services to help you through this challenging time. Contact us today to learn more.