Reply to Family member death - Tax Filing and Retirement Accounts

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[quote=Anonymous][quote=Anonymous]I have no idea. I did read some but was hoping someone could help me with info or a couple of links to figure out how to deal with these. Also I haven't slept much so maybe need a little hand-holding.

There is a 401k, IRA and Roth accounts.

Thank you. [/quote]

Sorry for your loss OP!

As another PP pointed out, everything starts with a death certificate.  In the meantime, please answer the following questions..

Need some more details.  When you say family member, who is it? Husband, brother, sister?  
If not your spouse, then does this person have a spouse?
How old is the deceased, their spouse and kids (if any)?
Has the deceased been married previously?
Does an account exist for the deceased on the social security website? 
Is there a will?
Do they have a list of all the accounts?
Does each account have a named beneficiary?
Is there a house involved?
Is there any other property in the deceased's name (e.g. car, boat)?
Is there a life insurance policy? Does it have a named beneficiary?

In simple terms:
If the deceased person has minor kids, the survivging spouse may be entitled to survivor social security benefits.
Depending on their age and the surviving spouse's age, the surviving spouse may be entitled to spousal benefits.
As long as financial accounts (Roth, Brokerage, etc.) have a named beneficiary, the money goes directly to the named beneficiary and avoids probate.
Their employer will need a death certificate (a photocopy or a notarized copy) before they are willing to retitle the 401K to the survivor.  It is possible to just leave the money where it is or move it to an inherited IRA or to their own 401K (if a spouse).

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