Losing a loved one is an emotional journey, and alongside the grief, there’s a practical path to tread. One crucial aspect is managing the various services and accounts your loved one had, deciding which to keep and which to close. In this guide, we’ll walk you through this process, providing insights and advice to help you navigate these challenging waters.
The Inventory Hunt
The journey begins with a careful inventory. To understand the extent of your loved one’s financial footprint, search through their physical mail, emails, and phone notifications. Sometimes, they may have left behind an estate plan or a list that can guide you through this process.
Cancel or Keep: A Delicate Decision
Once you’ve identified the accounts held by your loved one, you’ll face the decision of whether to cancel or keep them. Here’s where clarity is crucial.
Subscription Services: Subscription services are relatively straightforward to handle. In most cases, they can be canceled unless there’s a shared family plan.
Consider the digital subscriptions—Netflix, Disney+, Hulu, Apple TV, YouTube TV, and more. Additionally, take note of delivery services like Amazon Prime and Walmart+ or subscription boxes that might be linked to these accounts. And don’t forget about digital subscriptions to newspapers and magazines, often tied to Kindle accounts.
For example, Kindle Unlimited, with its vast subscriber base, is another account that might need to be canceled.
Patronage Accounts: In today’s digital age, many individuals support content creators through platforms like Patreon, Twitch, Substack, YouTube, or even their personal websites. These accounts can be found by checking bank or credit card statements and are generally prime candidates for cancellation.
Utilities: Managing the Essentials
Utilities, essential for daily life, need special consideration:
- Temporary Keeping: In some cases, you may need to keep utilities in the deceased’s name temporarily while estate matters are being resolved. It’s wise to check with the utility company about their policies.
- Transfer or Ownership: If the deceased lived with someone else, like a partner or family member who’s taking over occupancy or ownership, utility accounts should be transferred to their name.
- Timing Matters: If the house is being sold, consider keeping utilities active until after the closing to ensure a smooth transition for the new owners.
- Security Systems: Home security systems are essential, especially if the property is vacant. Ensure they remain active to protect the property.
- Tech Transition: Avoid deactivating the deceased’s cell phone service hastily. It may contain important notifications about bills and other services that need attention.
The Unexpected: Miscellaneous Accounts
Beyond the major categories, there are often miscellaneous accounts that may require your attention. These can include:
- Memberships: Gym, sports clubs, cultural institutions, unions, homeowner associations, Costco, and other fee-based groups or services.
- Physical Subscriptions: Newspapers, newsletters, magazines.
- Digital Presence: Social media and dating sites.
- Professional Services: Financial advisors, personal trainers, accountants, life coaches, and more.
- Pet-Related Expenses: Dues and subscriptions for pet services.
- Meal Delivery and Music: Services like meal delivery subscriptions (e.g., Blue Apron) and music subscriptions (e.g., Pandora, Spotify, Apple Music, Amazon Music, Sirius XM, etc.).
Conclusion
Losing a loved one is undoubtedly one of life’s most difficult experiences. Amidst the emotional turmoil, managing their accounts and services may seem daunting, but it’s a necessary step in preserving their legacy and ensuring financial matters are in order. By following the steps outlined in this guide, you can navigate this process with care and respect for your loved one’s memory.
Wishes Estate Planning 