1. Will:
A will is a legally binding document that states how the deceased would like their assets to be distributed. It should include details about who will receive what and when, as well as any special instructions for handling debts or other financial matters. The will should be reviewed by a lawyer to ensure its validity and properly executed before the person passes away.
2. Living Trust:
A living trust is an arrangement that allows the deceased to maintain control over their assets while they are still alive and can help avoid probate court when they pass away. It should include details about who will receive what as well as any special provisions such as how taxes or other expenses should be handled.
3. Power of Attorney:
A power of attorney document grants another person authority to act on behalf of the deceased in financial and legal matters. This can give them access to bank accounts, make decisions about investments, sign tax returns and more if the individual becomes incapacitated or passes away. Before signing and executing this document, it should be thoroughly reviewed by a lawyer.
4. Life Insurance Policy:
A life insurance policy provides financial protection for the deceased's family after they pass away. It should include details about who will receive the death benefits and how much coverage is provided. This document should be reviewed by a lawyer to ensure it meets all applicable legal requirements.
5. Birth Certificate:
The birth certificate is an official record that proves the identity of the deceased and can be used to apply for social security, open a bank account, obtain a driver's license or passport among other things. It should be included in the death folder checklist so that it can easily be accessed when needed.
6. Marriage License:
If the deceased was married, their marriage license is required to access accounts or assets held jointly. It should also be included in the death folder checklist so that it can easily be accessed when needed.
7. Bank and Credit Card Accounts:
The deceased's bank and credit card accounts should be included in the death folder checklist so that any outstanding debts and bills can be paid in a timely manner. This information may also need to be provided to the Social Security Administration or Internal Revenue Service (IRS).
8. Loan Documents:
If there are any outstanding loans, such as a mortgage or car loan, these documents should be included in the death folder checklist. These documents will provide details about who is responsible for paying off the debt after the deceased has passed away.
9. Social Security Numbers:
The deceased's Social Security number is needed to access their accounts or assets and should be included in the death folder checklist. This information may also need to be provided to the Social Security Administration or IRS.
10. Tax Information:
The deceased's tax information, such as W-2 forms, 1099s and other documents related to income taxes filed in the past should be included in the death folder checklist. This information will be needed when completing a final tax return for the deceased.
