Transfer all property of the deceased to your name on the death of your spouse. Contact the bank, insurance company, tax department or any other organization and claim all the money.
Property Transfer: Death in the lives of all of us is such a truth that we can not stop or can not be avoided. But, they can prepare themselves to deal with any such sudden occurrence. So that the dependent and family would not have much impact on financially. Usually, the financial responsibility for the death of the partner may come to you. In such a case it is necessary that we prepare ourselves to deal with such challenges.
Make Death Certificate Sure!
Whether you want to close your bank account, claim insurance, sell a property of death or do any other work related to money. For all things, you will need a Death Certificate. At the same time, while making a Death Certificate, please be aware that all these information should be shared with the information provided in your husband / wife’s base / PAN or any other document.
Pay all your EMIs and transactions
Fill all your payments on time. Such as a credit card bill, a mutual fund’s SIP, tax, EMI, or a loan from a person. All of them should be paid on time, so that there is no problem during difficult times. Be more cautious about the rules of credit card or overdraft loan.
Contact Bank / Financial Institutions.
Transfer all the properties of the deceased to your name on the death of your spouse. Contact the bank, insurance company, tax department or any other organization and claim all the money. For this, you can get help from a lawyer or financial planner, who can assure that all these work is done on time.
Whatever your property or scheme is, on the death of your spouse, either close it or take possession of it.
Bank: Delete your partner’s name from a joint account or close any account that is running on their name. If you have a joint account that is for a long period, then it is advisable not to close it.
Insurance: Find out all the insurances made by your spouse, such as life insurance, vehicle insurance, credit card insurance etc. Claim all these insurers’ money.
Vehicle Transfer: Transfer any vehicle or vehicle taken on the name of your spouse to your name. You can request to go to the nearest RTO office with all the documents, to do the cart on your name.
Investment: If you are a nominee in your spouse’s property or investment scheme, you will have to submit a death certificate along with an identity card or residence proof to make an investment scheme on your own name.