Losing a Loved One
A Schwab Financial Consultant can help you:
- Safeguard your loved one's Schwab accounts from unauthorized or fraudulent activity.
- Discuss any Schwab accounts your loved one may have owned; we will walk you through the "transfer of ownership" process.
- Determine how to make the most of any inherited wealth.
Call us at 877-302-5886 or visit your local branch.
What to do on your own:
- Request 10 or more certified copies of the death certificate.
- Consult with a professional advisor/attorney knowledgeable in estate matters.
- Contact the family attorney, CPA, and estate’s executor, if applicable. Decide whether probate is needed.
- Collect and organize important legal and financial documents.
- Review and update information on personal accounts and property, including updating beneficiary designations, insurance, and property titles.
- Inquire about survivor benefits from entities providing benefits/payments to your loved one, including life insurance.
- Discuss the tax implications of any inherited assets with a tax advisor.
The information provided here is for general informational purposes only and should not be considered an individualized recommendation, personalized investment advice, or specific tax or legal advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, estate planning attorney, or investment manager.