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LEGAL ADVICE
After a death, there are many legal up a new account for funds received
details to work out. While it is not after the death. It’s recommended
necessary to get a lawyer, it is strong- that a joint account stay open for at
ly recommended. A lawyer will make least six months to allow you to de-
sure all the ‘t’s are crossed and i’s are posit any cheques that are made out
dotted”. The time following a death of to the deceased. To take a name off
a loved one is extremely emotional, a joint bank account, banks require to
and even the closest family will have see the original Death Certificate and
disagreements over the most trivial will make their own copy of it. If the
matters. To make sure there is still deceased had a safety deposit box in
peace in the family, it is a good idea to a bank, the contents will be listed by
let a lawyer figure things out. a bank officer and the original Death
Certificate will be required to gain ac-
Before getting in touch with a lawyer cess to the safety deposit box.
there are several important docu-
ments that you need to gather. Those Death certificates
include: Death certificates are provided by
your funeral provider. You will need
• Wills multiple certificates, as these are re-
• Deeds quired in order the settle the estate of
• Bank Statements the deceased.
• Insurance Policies
• Vehicle and Boat titles Wills
• Tax Documents Everyone knows they should have a
will, but the vast majority – about 70%
Bank accounts of us – do not. Writing a will is easy
What is to be done with bank ac- and inexpensive, once you are done
counts after a death varies regional- you can rest easy knowing your hard
ly. In some regions, bank accounts earned money and property will be
are automatically frozen after a death. distributed according to your wishes.
To avoid any complications, the bank
should be notified immediately, and
you should find out the procedures for
releasing these funds, and how to set
Page 32 - Tranquility Burial & Cremation Services
