My mother died in 2021, and my father passed away in 2023, both in their 90s with long lives and, thankfully, gentle passings.
Because of that planning, wrapping up my mother's financial affairs after her death only took a few months.
We did everything rightActing as their power of attorney, I managed my parents' financial planning for several years before their deaths, including placing most of their assets into irrevocable trusts.
What I've learned about handling a second parent's estateOther than hiring someone else to handle your deceased parent's affairs, there's no easy way to wrap up financial affairs after both your parents are gone.
Estate planning: Having a will and (if needed) trust documents prepared by a lawyer will make your life easier.
Persons:
I've, I'd, I'm, preparer, they're
Organizations:
Will