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What should I do first with my parent's belongings after they pass away?

Asked by sitecontributor|Estates

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The first step is to do nothing hasty. Secure the home, lock up valuables and keep track of who has keys. Before anything is given away, sold or thrown out, find out who has legal authority over the estate, such as an executor named in a will or someone appointed by a court. The rules differ by state, so an estate attorney can tell you what applies.

Next, look for important papers: the will, deeds, titles, insurance policies, bank and investment statements, tax records and safe deposit box keys. Take photos or video of every room as it is. This creates a record for the family and helps if an appraisal is needed for estate or tax purposes.

Then take your time sorting. Families who rush often lose money and memories. Once the paperwork is settled and family members have had a chance to choose keepsakes, an appraiser, estate sale company or auction company can help you understand what the rest is worth and the best way to sell it.

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