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On this episode of the Planned Solutions Financial Review Podcast we discuss The estate administration process can feel like a daunting task. However, it can become more manageable if it is approached in an organized way and help is enlisted to handle some of the tasks so that too much work does not fall on one person. This article lays out a process that executors and trustees can use to determine their next steps and take action to finalize a decedent’s estate. And, Identity thieves have begun using obituaries to find their victims as they believe their illegal activities may not be caught as quickly if the victim is deceased. Therefore, it is important to notify the credit agencies of an individual’s death as soon as possible in order to avoid the time and cost associated with clearing up fraudulent credit claims on a decedent’s credit report. Also, After a family member dies there is often a long list of things that need to be done to settle their estate. Often one of the first challenges is dealing with Social Security. Generally, the funeral home will notify Social Security of an individual’s death. The Social Security Administration may then cancel checks or deduct direct deposits if paid after death. However, there may be Social Security benefits that survivors may be able to claim by contacting Social Security directly. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- All of us at Planned Solutions want to wish you a happy holiday season and a wonderful New Year. With the holidays falling in the middle of the week this year Planned Solutions will be closed several days during the three weeks of the year. Planned Solutions will be closed: Thursday, December 19th after noon for our company holiday party Tuesday and Wednesday, December 24th and 25th for the Christmas Holiday Tuesday, December 31st after noon for New Years’ Eve Wednesday, January 1st for New Years’ Day Please note that any paperwork or forms that need to be processed before year end should be submitted by December 16th at the latest. Otherwise it may be challenging for Planned Solutions, as well as the service providers that we contract with, to process the forms before the end of the year. To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Planned Solutions, Inc. ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111 E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191 WEB SITE: www.PlannedSolutions.com #finance #invest #investment #stocks #interestrate #bonds