How to manage a loved one's finances after they die - Business Insider

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You don't have to do it alone. You can hire a lawyer or get help from a number of online resources.

, it will be the executor and/or trustee named in those documents. When there is no will, "You have to figure out who's in charge then," Gaffney said.

"Get through the funeral and get to work," Gaffney said. "I wouldn't wait more than 30 or 60 days at most." This is true whether or not your loved one If there are other recurring payments, such as VA benefits or a pension, those entities should also get notification right away. In addition, you'll want to tell any banks or insurance companies that your family member died.

If the person who died had tenants or housemates, "I'd evict them as quick as you can and sell the house," Gaffney said. "Take all the valuables the first time you enter the house."

 

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