Good information from Bottom Line Personal’s interview with Adam Levin, JD:
Protect Dead Relatives from ID Theft
Dont assume that the risk of having your identity stolen lasts only as long as you are alive. More than two million dead Americans become victims of identity theft each year.
To an identity thief, the recently deceased are ideal targets. Unlike the living, the dead never notice that they are being victimized and dont take steps to stop these crimes.
There is a system in place that is supposed to prevent thiswhen Americans die, their Social Security numbers are added to the Social Security Administrations Death Master File. Once that occurs, credit-reporting agencies note the deaths in their files and credit issuers should not issue new credit.
But this process can take months, leaving plenty of time for identity thieves to strike. During these months, it falls to surviving spouses, heirs and executors to protect the identities of the deceased. Its in their best interests to do so.
And if the executor of the estate is not paying close attention, identity theft could even go unnoticed, meaning that fraudulent account withdrawals might not be corrected and/or fraudulent bills might be paid, reducing the size of the estate.
SAFEGUARD SENSITIVE INFORMATION
If you are a surviving spouse or heir, take the following actions to reduce the odds that identity thieves will steal the deceaseds identity
Edit the obit. Do not mention the deceaseds home address, birthday or mothers name in his/her obituary. Some identity thieves scour the obituaries for potential targets, and this information could be useful to them.
Watch the wallet. There have been cases of hospital or emergency services personnel stealing credit cards from the wallets of the deceased. These thieves sometimes leave most of the contents of the wallet in place in order to decrease the odds that a loved one will realize anything is amiss. What to do: Cancel the deceaseds credit cards as soon as possible. Carefully check the final bill for charges that occurred after the deceased went to the hospital and/or passed away.
Discard the deceaseds documents with care. Identity thieves have been known to pick through garbage cans outside the homes of the recently deceased. Theyre hoping that heirs threw out sensitive paperwork while cleaning out the house. Documents that should be shredded with a paper shredder include tax returns financial account statements credit card statements bank account statements and anything with a Social Security number.
Prevent oversharing on social media. Some identity thieves search the social-media accounts of the recently deceased to find the facts they need. If the deceased has Facebook and/or other such accounts, log into each of these and either delete the accounts (assuming that you can gain access) or, if you prefer to leave the accounts open as a way to remember the deceased, at least confirm that the account settings restrict access to only a small circle of family members and friends.
Also read through the posts, deleting any that mention ID-related information such as mothers maiden name or birth date. If you do not log into the account because you dont have the password and cannot find it near the deceaseds computer, report the death to the social-media site. This often leads to the account being shut down or memorialized in a way that could at least limit access, though this can vary depending on the site and the settings that the deceased selected.
Have the deceaseds mail held at the post office or forwarded to the estates executor. Otherwise, mail containing account information and other sensitive data might sit in the deceaseds mailbox where an identity thief could grab it. Exceptions: This is not necessary if a spouse or some other trusted loved one still lives at the deceaseds address and/or the deceased has a post office box or locking mailbox.
SPREAD THE WORD
Even if you take all the right steps to safeguard your deceased loved ones sensitive information, he/she still could be victimized by an identity thief. There have been so many data breaches of retailers, financial institutions, government agencies and others in recent years that the information an identity thief needs might already be in circulation. Whats more, postmortem identity theft sometimes is committed not by a stranger, but by a family member who has access to the deceaseds sensitive information.
Informing key agencies and institutions about the death can at least contain the damage that a postmortem identity thief can do. Obtain copies of the death certificate as soon as possibledeath certificates typically are available through the funeral home or mortuaryand send them along with letters reporting the death to
Government agencies including the IRS, Social Security Administration, Department of Motor Vehicles and the tax authority in the deceaseds state. This should prevent identity thieves from having duplicate drivers licenses, Social Security cards or other documents issued to them in the deceaseds name. Notifying the IRS and state tax authorities promptly should prevent an identity thief from filing a phony tax return in the deceaseds name and receiving a refund.
The deceaseds creditors and other financial institutions. This includes investment companies and advisers, banks, credit unions, credit card issuers, lenders and insurance companies. If you are not certain which financial companies the deceased used, go through his recent mail, checking account registers, filing cabinets, recent tax returns and wallet in search of clues. Or identify these creditors and financial companies by obtaining a free copy of one of the deceaseds credit reports at AnnualCreditReport.com.
To obtain this report, you will have to provide identifying information about the deceased, including his Social Security number. It generally is easier to obtain the credit report before the credit-reporting agencies are informed of the death. After they learn of it, extra steps might be required for the estates executor to obtain a copy.
The three major credit-reporting agencies. Ask Equifax, Experian and TransUnion to place a deceased alert on your loved ones file. This is like putting a security freeze on the fileit prevents the credit-reporting agency from releasing the file, which should, in turn, prevent new credit accounts from being opened in the deceaseds name. Send certified copies of the death certificate along with brief letters identifying the deceased by full name, Social Security number, last five years of addresses, date of birth and date of death to
Equifax, PO Box 740241, Atlanta, GA 30374
Experian, PO Box 4500, Allen, TX 75013
TransUnion, PO Box 2000, Chester, PA 19016.
Helpful: If there are signs that identity theft is occurring despite your effortsthese signs might include money disappearing from the deceaseds accounts or account mailings arriving from creditors that the deceased did not havethe estates executor should call the credit-reporting agencies and the deceaseds financial institutions as quickly as possible to confirm that they received the death certificate and placed a death alert on the file or account. The executor also should call the Social Security Administration and ask whether the deceaseds Social Security number has been added to the Death Master File. If it hasnt, explain that identity theft is occurring and ask whether anything can be done to speed along the process.