How Do I Account for Charges After a Parent’s Death? | NC

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Q: How do I account for personal charges made from a deceased parent’s bank account after death? A: Start by creating a ledger of every post-death transaction. For each charge, record the date, amount, payee, purpose, who authorized it, and who benefited. Keep bank statements, receipts, invoices, canceled checks, and written explanations. Then classify each charge. A payment reasonably needed to…