Managing the Next Phase
We recommend completing these tasks within the first few months of your family member’s passing.
State Probate
If your loved one owned assets solely in their name (not in a trust or with a beneficiary), you’ll need to file the will in probate court. This is the legal process for transferring ownership, and the court can guide you through the steps.
Inventory Assets and Debts
Make a list of everything your family member owned—such as their home, vehicles, or jewelry—as well as any outstanding debts, like a mortgage or credit cards.
Remember: Heirs are usually not personally responsible for a relative’s debts unless they co-signed.
Pay Final Bills and Taxes
The estate is responsible for paying valid debts before distributing assets to heirs. You’ll also need to file a final federal and state income tax return for your family member by the next tax deadline. If you’re unsure, a tax professional can help.
Cancel Subscriptions and Services
Take some time to review bank statements for memberships, streaming services, and utility accounts that can be canceled.