An unfortunate by-product of the ongoing pandemic is that more families are being confronted with the prospect of settling a deceased loved one’s estate. This process, known as estate administration, is further complicated by the fact that many decedents either had an inadequate estate plan or no plan at all.
Where does one begin? So many questions arise: How do I sell the decedent’s house or cancel a rental apartment? How do I locate bank accounts, IRA’s, 401K’s, annuities, or life insurance? Did my loved one own digital currency? How do I address social media accounts? Can I simply transfer ownership of bank accounts? How do I cancel auto insurance or transfer or sell an automobile? Will financial institutions speak to me? Who pays my loved one’s debts? Do I even need to probate the estate?
Most people don’t have the time or expertise to settle issues and distribute an estate. Serving as an executor or administrator often feels like a part-time job. Even those with enough time are typically overwhelmed by a process that is foreign to them and occurring at the most inopportune time – immediately after the death of a loved one.
At Goldberg Law Group we recognize that families don’t always need an attorney to handle every estate. After a simple phone call we will assess whether or not you should engage a professional. If the estate administration is complicated, we are here to help. Our team is focused on helping our clients navigate this process during a difficult time in their lives.