Death in The FamilyDEATH IN THE FAMILY: 10 THINGS TO DO NOW

  • Prepare application for tax identification number if there is no surviving spouse
  • Prepare and mail out date of death valuation letters to determine the value of accounts
  • Prepare signature cards for estate bank accounts
  • Close decedent’s bank accounts
  • Open estate checking and savings (or money market) accounts
  • Transfer assets to name of succession
  • Change decedent’s mailing address
  • Cancel subscriptions, etc. and request refunds for unexpired terms
  • Extend insurance coverage to protect estate for home, motor vehicles, etc., titled in decedent’s name
  • File life insurance claims and request copies of Federal Form 712
  • Complete Sworn Descriptive List detailing any expenses/liabilities the estate has incurred (such as funeral expenses)