Distribute the assets to the heirs as stipulated in the affidavit. Ensure compliance with the legal directives as provided in the affidavit, which may outline how assets should be distributed amongst the heirs.
In case the affidavit does not provide clear directives on asset distribution, it is advisable to reach an agreement among all heirs on how to distribute the assets fairly.
Legal documents might need to be prepared to effect the transfer of assets such as properties and vehicles to the heirs.
- Bank Accounts: Inform the relevant banks and financial institutions about the death and provide them with the necessary documents to facilitate the transfer of account balances to the heirs.
- Investments: Similarly, facilitate the transfer of investments such as stocks, bonds, etc., to the heirs.
Real Estate and Personal Belongings
- Real Estate: For real estate assets, ensure that the title deeds are transferred to the new owners as specified in the affidavit.
- Personal Belongings: Distribute personal belongings, such as jewelry, furniture, and artworks, among the heirs as stipulated in the affidavit.
Keep a record of all the distribution transactions, including the signed receipts by the heirs acknowledging receipt of the assets.
Once all assets are distributed as per the stipulation in the affidavit, the process comes to a conclusion.
Notify all relevant entities, including government agencies if necessary, of the completion of the asset distribution process.