What is an essential first step in the process of handling an estate?

Locating the will of the deceased is indeed an essential first step in the process of handling an estate. The will serves as the foundational document that outlines the deceased's wishes regarding the distribution of their assets, appointment of executors, and any specific instructions related to the handling of the estate. Without locating the will, it would be challenging to understand the intended beneficiaries, asset distribution, and other crucial decisions pertaining to the administration of the estate.

Identifying potential beneficiaries, notifying creditors, and paying estate taxes are all important steps in the estate administration process, but they typically follow the identification and location of the will. The will's existence and contents will guide the executor in determining who the beneficiaries are and how assets should be managed, thereby making the location of the will a critical initial task in this process.