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Month: September 2017

Handling A Deceased Persons Money And Property

Handling A Deceased Persons Money And Property

If you as an individual has been left in charge now after the death of a family member then you are responsible to handle everything relating to this. You might need to find some sort of legal assistance in many areas. It might seem like an over whelming task especially when the person who passed away was close to you. There are a few things that you will need to look into immediately so as to make sure everything is safe and secure. Here are some tips on what you might have to deal with.

Find a professional if the need arises

There are very many probate lawyers Melbourne who will be able to provide you will assistance. Especially this will be a smart move to make when you have no legal assistance of any form and also need to handle large amounts of money and assets. If there is a family involved that might be interesting in knowing if there is something that might have been left for them, then you should definitely make a move to employ such assistance.

Locate the will

One of the first things that will be need to done is to locate the Will of the deceased. They would have made very specific instructions on this document and it will actually make life much easier for both you and the family. Most often such items would have been left in the care of family law lawyers. If you have an idea of such individuals who might have worked or might have been employed by the deceased it would be a great idea to get hold of them. The chances are they would know about a Will if there was one.

Make all funeral arrangements and pay for it from the assets

It is not only the best method but is also the recommended method for all the funeral arrangements and any outstanding payments be made from the money left behind by the deceased. This way you won’t have to trouble the family as they mourn their loss. It is also a great way to deal with the rest of the assets with all pending and outstanding payments being settled. This way when the family gathers they will be able to get settlements without much delay.

Inform the relevant departments in time

In cases where the deceased was receiving benefits you will have to make sure that you inform such departments of the individual’s demise. This way there won’t be any over payments made. Otherwise you will have to go through the hassle of having to return such funds and this can take up your time and energy unwantedly.