Locating a Family Member’s Property After They Pass Away

After losing a loved one, there are many issues that may arise. While this time is emotionally difficult, there are also other matters to tend to. One of these may include locating the property of your loved one. Identifying the property your loved one owned and locating it is very important during this time, as it can help ensure that their estate is administered in a timely manner and that it is distributed as quickly as possible.

Locating your loved one’s property may not seem difficult, but there are times when it is. Below, our New Port Richey probate lawyer outlines some tips that can help.

Review Their Will and Other Estate Planning Documents 

If your family member drafted a will or other estate planning documents, they can provide an in-depth look at the property they owned. If there is a will, review it thoroughly to see if your loved one specifically identified any bank accounts, real estate, collections, or other valuable belongings. If your family member drafted a trust, it may also contain assets and detail how they should be handled. If you know your loved one drafted these documents but you cannot find them, ask their financial advisor or attorney if they have a copy.

Their Financial Records

Reviewing your loved one’s legal documents can help you locate their property, but it is also important that you review their financial records. For example, your loved one’s bank statements, checkbooks, and online banking accounts may show accounts you did not know existed. Your family member’s email, mail, and digital storage, such as a cryptocurrency wallet, can also reveal certain types of assets. Your loved one’s previous tax returns can also show other income sources and investments you were not aware of.

Real Estate and Personal Belongings 

Finding real estate and valuable personal belongings can become complicated, especially if you are not aware of your family member’s holdings or you do not have access to certain documentation. The local records in your county can help you find property deeds for real estate your family member owned. You may also have to look for car titles, boat registrations, and other valuable belongings that may have not yet been located. If your loved one owned a safety deposit box, it is important to speak to the financial institution about how to access it. Many people leave their most valuable belongings in these storage spaces.

Digital Property

Not all property today is physical and it is not uncommon for people to also have digital assets. Your family member’s email may offer clues about digital investments and online portfolios. Sometimes, social media profiles can also provide critical information, such as the sale of property or the purchase of new investments.

Our Probate Lawyer in New Port Richey Can Help 

Locating assets after losing someone you love can seem daunting. However, the above steps can help ensure their property is located and handled properly. If you need help with the probate process, our New Port Richey probate lawyer at Messina Law Group, P.A. can provide it. Call us now at (813) 492-7798 or contact us online to schedule a consultation and to get the legal help you need.

Source:

leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0733/0733ContentsIndex.html