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Establish that someone is executor of a Will
Settle a small estate when there's no Will
Establish you're the heir of a person who has died
Claim property you own with a person who has died
Verify that someone has passed away
Verify the home address of a person who has died
Notify creditors of a person's passing
Notify a third party about a person's death
Notify heirs of the estate
Gather and organize estate information
Record the flow of money in and out of the estate
Confirm a deceased person's bank account details
Request a copy of a death certificate
Check with former employers for death benefits
Request information or payment as a beneficiary
Authorize someone to make decisions on your behalf
Gather information about a person who has died
Put information together as executor of an estate
Sell or transfer stocks on behalf of an estate
Notify an insurance company of a person's death
Confirm a deceased person's investment details
Manage a loved one's estate FAQs
Most, but not all, Wills must go through the probate process. Probate is the process where the courts will decide the validity of a Will. If the Will is determined to be valid, an administrator will be appointed, debts will be settled, assets will be inventoried and real estate appraised. Then assets will be distributed. On average, probate takes six to nine months if the Will is not challenged.
If your parent is still mentally alert, it is simple to make a Power of Attorney (POA) document allowing you or another appointed agent to manage their finances. If their health is already failing, it may be more difficult to obtain a POA.
Obtaining a POA while your parents are healthy is hassle-free. You can simply log in to your Rocket Lawyer account and make a POA document. You can create a POA that begins immediately or make it a "Springing POA", which "springs" into effect when a certain situation is met, such as an illness. Your state may have unique signing requirements that you'll need to follow. When you finish making the document, the Rocket Lawyer app will tell you who needs to sign it to make it valid in your state.
If your parent is incapacitated or not mentally healthy enough to sign a POA, you need to petition the courts to obtain adult guardianship of your parent. As a "guardian", you will be able to take care of your parent's health and financial matters. Your local clerk's office should be able to tell you how to start the proceedings.