Often husbands and wives own everything together, in ways so that the entire estate of the first to die will pass to the second to die. Then, if the second to die has no will, everything passes to that spouse's children in equal shares administration of the estate of the second to die must be in a court proceeding. There is no power of attorney you can get for a person who cannot sign the document; if that person were going to be in a coma for an extended period, a conservatorship (court proceeding) would be needed, but that will be moot once the person passes away. If there are children of your father who are not also children of your mother, or vice versa, see a lawyer immediately to parse how things will go. However, if they didn't do the planning during their lives, there is little you can do now. Personal note: don't sweat the financial stuff. Say goodbye to your parents, and allow yourself time to grieve. Don't be in a rush to start settling financial matters. Breathe deep, take your time, get solid advice, move slowly and surely.
Answered on Mar 25th, 2013 at 1:17 AM