Leftover assets

Leftover assets

What happens to leftover assets after death:

If there is a will for the assets, it is honored after paying debts and taxes owed by the diseased. If there is no will, the legal heirs get the assets. If there are joint accounts, then survivors of joint accounts get the remaining assets. If beneficiaries/nominees are listed, then the assets get distributed to them. If no beneficiary is designated, the account goes for probate. For some assets, claims filing is needed.

It is helpful to get a death certificate and notify some authorities like the social security office, employer, post office, landlord, social media managers, credit card companies, banks, etc.

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