My spouse died, is there anything that I need to do with our property?
All the property in which the deceased spouse (or their trust) had an ownership interest should be identified. Married couples frequently hold property as joint tenants meaning that upon the first person’s death the property automatically passes to the surviving spouse. However, it is important to verify ownership, identify which assets may be subject to probate, and remove the deceased spouse that has beneficiary designations such as life insurance or retirement accounts will require paperwork and a death certificate to release the funds. If estate taxes may be an issue it is crucial that you immediately confer with an estate planning attorney to discuss your options. Additionally, you should update your disability documents including any powers of attorney and your revocable living trust or will.