Before closing accounts
Before closing the deceased accounts, you'll need to review what accounts the deceased had.
The accounts you find will each need to be considered for the best approach to closing them.
Different kinds of accounts will be treated differently.
You may wish to transfer rather than close accounts like a cell phone family plan.
Some accounts can be closed immediately, like magazine subscriptions and gym memberships.
Some accounts, like bank accounts without beneficiaries, should be left open to be handled as part of the estate's probate process.
Also, different service providers will have to different procedures and documentation requirements for closing a deceased's accounts.
Read More For more information on paying the deceased's bills and debts, see the "Pay the estate's bills, debts, and taxes" section of the Guide.
- Identify accounts to close
- Check for collected passwords in secure location
- Stop unneeded recurring payments
- Check if you need to wait for probate
- Only use estate funds to settle outstanding bills
- Request or make copies of the death certificate
- Gather statements proving payments and/or up-to-date account balance statement