When a loved one passes away, family members often don't worry about their credit report. However, if you're the executor of an estate, among your many responsibilities is notifying the three major credit bureaus of that person's death.
You may have been flattered when you were asked by a loved one or friend to be the executor for their estate. However, now that they've passed away and it's time to get to work, the responsibility seems overwhelming.
You've written your will. That's a great first step.
When dividing an estate, it is often easiest for children to simply auction off minor assets and possessions that they do not need and that no one really wants. They can then split the money up evenly and ensure that everyone actually gets the same value out of those assets.