Which of the following actions should be taken regarding accounts after someone's death?

Prepare for the CUNA Financial Counselor Exam. Use flashcards and multiple choice questions to study, with hints and explanations included. Ace your exam with thorough preparation!

When a person passes away, it is crucial to manage their financial accounts responsibly to ensure that their estate is handled correctly. One of the important steps is to identify any automatic withdrawals linked to the deceased's accounts. Stopping these auto-withdrawals is essential because they may continue after the person's death, potentially causing financial complications or leading to missed payments for critical services. This action helps prevent any unnecessary charges or financial burdens from accumulating for the deceased's estate or intended beneficiaries.

Moreover, stopping auto-withdrawals can help protect the estate from further obligations and allows the executor or personal representative of the estate to gain a clear understanding of ongoing financial commitments. Properly managing these accounts reflects a responsible approach to dealing with a loved one's finances in the aftermath of their passing.

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