Common Questions After Losing A Parent

The bond between a child and their parent is a strong one and it does not end after the child enters adulthood. After a person has grown up, and even after having a family of their own, adults often still rely on their parents for guidance and support. Losing a parent is one of the hardest things a person can go through, and it is often even harder when both parents pass away. During this time of grief, you may have many questions. Below, our Daytona Beach estate planning lawyer answers some of the most common questions we hear.

Should I Create a List of My Parent’s Property? 

It is very important to determine what property your parent owned. While you may first think of your parent’s home or vehicle, there are other types of property you should consider, as well. These include stocks, investment accounts, insurance policies, and any digital currency they owned. Create a list of any property you can locate.

How Can I Determine My Parent’s Income? 

During your parent’s lifetime, it is important to ask them about certain matters. You should ask them how much income they earn on a monthly and yearly basis and how you can access their financial accounts, if it ever becomes necessary. These conversations can be uncomfortable, but it can make it much easier in the future. Some types of income, such as government benefits, may have to be returned if they are received after your parent’s death. It is important to know what these are, and if your parent receives them.

Should I Keep Track of My Parent’s Bills? 

Yes. Retrieve your parent’s mail, if possible, and keep anything that is received in a safe place. You should also securely store any invoices or receipts that prove you have paid certain expenses. For example, you may be responsible for paying the mortgage and utilities on your parent’s home until it is sold or distributed according to their will. Retain receipts for these expenses so a Daytona Beach estate planning lawyer can help you manage them.

Do My Parents Have an Estate Plan? 

You may not know if your parent drafted an estate plan during their lifetime. Or, you may be aware that they did have a plan in place, but you do not know where it is stored. Our Daytona Beach estate planning lawyer can answer your questions regarding your parent’s plan and help you locate important documents, such as their will.

Do I Need an Estate Plan? 

It is natural to start thinking about your own mortality after losing your parents. Or, perhaps your parent was quite prepared and that has made you want to start your own planning. Regardless of what has made you start thinking about estate planning, it is important to speak to an attorney who can help you create a plan that is right for you.

Our Estate Planning Lawyer in Daytona Beach Provides Sound Legal Advice 

Estate planning is a complicated legal matter. To help you through the process and make sure you and your family are fully protected, it is important to work with our Daytona Beach estate planning lawyer at Bundza & Rodriguez. Our experienced attorney can answer your questions and help you create a plan of your own. Call us now at 386-252-5170 or contact us online to schedule a free consultation.

Sources:

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