As recently as a few years ago, a probate attorney’s best advice after someone passed away was for the heirs to start checking the deceased person’s mail (after we offered our condolences, of course.) Over the course of a month, statements from all the accounts where the person kept their assets would flow in, so we would know how much the person had and where it was deposited.
Today, most banks, stock brokers, insurance policies, and other places where you keep your money send statements by email. It has therefore become much more challenging to corral a deceased person’s assets. Read more