What should be done with credit cards solely in the deceased's name?

When dealing with credit cards solely in the name of a deceased individual, the most appropriate action is to close them out. This is crucial for several reasons.

First, once a person passes away, their debts do not automatically transfer to anyone else, including beneficiaries. Keeping the credit card active could lead to continued charges and could result in complications for the estate. Closing these accounts helps prevent additional charges from accruing.

Second, creditors typically have policies in place for dealing with debts of deceased individuals. They may potentially reach out to the deceased's estate for payment, and having open accounts may complicate this process. Closing the accounts ensures that the estate can be settled appropriately without the risk of added liabilities.

Additionally, this action helps in protecting the credit of the estate and those who might be beneficiaries, ensuring that they are not held responsible for debts that were solely in the deceased's name. Handling these accounts properly is an important part of financial management and estate handling during a sensitive time for the family involved.