Navigating a loved one’s financial assets after loss

Mourning a loved one—during a challenging time like the loss of a family member, your focus should be on comforting your family. However, there are often financial matters that need to be navigated. 

What happens to the financial accounts your loved one held? That depends. Every situation is unique. Accounts could have sole owners, joint owners and beneficiaries listed—it varies. To initiate the process with a financial institution, you may want to make an appointment to ensure you’ll have the time necessary to discuss the steps that could be involved in addressing their financial assets. 

It's also important to note that this is a process, and one that may take time. The first step is providing an important piece of documentation—a copy of the death certificate—which you’ll want to bring with you to your appointment. 

The financial institution will also want to know your relationship to the deceased. It will be helpful to provide your photo ID (drivers’ license, passport, etc.) to confirm your identity.

Throughout the process, other vital documents could be requested. It depends on your loved one’s situation, but you may want to obtain copies of vital documents, such as: trust updates, Letters Testamentary, Letters of Administration and other probate documents. 

When you experience a loss, it can be a challenging time filled with a range of emotions. The process of addressing their assets isn’t one size fits all. Your loved one had unique financial needs, and settling their accounts requires understanding and a guiding hand. 

If you’re in need of settling financial affairs with Vantage, our specialized team will compassionately walk you through the process, step-by-step.* We’re ready to assist you and help ease this burden as you grieve. 

Contact us to initiate the process or reach our team with your questions.