Checklist if loved one passes away suddenly in India

Loved one passed away suddenly/unexpectedly, not sure what should I do next (India specific)?

• Bank AC + FD + PPF + any other instrument as applicable
• Post Office - AC + FD + PPF + any other instrument as applicable
• Insurance - Medical, Life, Money back, Vehicle, House etc
• … If he had any term insurance, need to be claimed
• Govt - EPF, NPS
• Office - F&F (F&F means full and final. That includes balance pay, arears, gratuity etc)
• Market - Stocks , MF
• Will - Probate the same

• Transfer Ownership

• Email
• Mobile
• Landline
• Laptop
• PC
• Vehicles
• House

• Transfer ownership of assets to heirs as per will or sucession

• Connections
  • Water
  • Electricity
  • Gas
  • Demat/Stocks
  • Bank locker
• Certificates
  • Death
  • Succession
  • Will (if any)
  • Legal Heir
  • Probate of the will
• Payables
  • Loans, premiums, bills etc
  • Go through bank statements for last 2-3 years to understand where all money goes
  • Talk to CA for any TAX outstanding and closure

• Closure Policies

  Confidential diary

  This will hold all important information

  • … Account info, cards, pins, passwords, emails, recovery codes etc.
  • Keep the same in your safe/locker.

Where ever you need to submit photocopies … always cross it in the middle and write out purpose . Example ( For LIC insurance only + date ). This is to prevent misuse of the photocopies for identify theft

Keep original documents of House, Insurances, DL, Adhar, PAN, etc … very safe.