“Settling a deceased family member’s affairs is not a one-person task. You’ll need the help of others, ranging from professionals like lawyers or CPAs, who can advise you on financial matters, to a network of friends and relatives, to whom you can delegate tasks or lean on for emotional support.” Leanne Potts, writing for AARP,…
Category: death
Get Started on Your ‘Last Instructions’
Are you prepared if a loved one becomes incapacitated or dies? What if you are the one to check out? Writing for The Wall Street Journal, 10/5/20, Glenn Ruffenach explains why and how to let your family know your final wishes and how to deal with your financial affairs. “I assume you already have an…
Having difficulty motivating your parents or yourself to do estate planning?
Behavioral psychologist Dan Ariely has some advice from his column: Hi, Dan. I am trying to motivate my sister, who is 84, to meet with an estate-planning lawyer. She acknowledges the need, but there’s always an excuse for not proceeding. Nothing is happening. Any suggestions? —Paul Encourage your sister to meet with the lawyer in…
Living ‘With the End in Mind’
“Death is the last thing most people want to think about, yet nothing could be more important—especially with advancing age or after a bleak diagnosis—than preparing for the end and understanding how it can happen. These days, such thinking is likely to include learning about palliative care, a specialty that began with the hospice movement…
Dealing with the financial aspects of death of spouse
How to prepare for the death of your spouse:Important documents and account numbers to know. by Art Koff In addition to multiple copies of a death certificate you’ll need: • A copy of your marriage license • Your spouse’s Social Security number and last statement • Your spouse’s insurance policy • The last will…
What Happens to Your Credit Card Debt After You Die?
“When examining a loved one’s credit cards, it’s crucial to know whose names were associated with the account. If there was only one name on the credit card account – that of the deceased – the debt may belong only to that person,” according to Matt Schulz writing for USNWR. “When you die, your estate…