Archive for the ‘What To Do When Someone Dies’ Category

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What to Do if You Can’t Afford a Funeral

Wednesday, February 22nd, 2012

What to Do if You Can’t Afford a FuneralFor all the benefits of advance funeral planning, burial insurance, and the affordability of options like direct cremation, death is still a very costly affair. In fact, for some families, it’s too costly—and that’s when funeral planning can become a real problem. Although it isn’t something people like to think about (either in relation to their own life or in others), there are occasions in which it simply isn’t possible to pay for a funeral.

While this situation isn’t ideal, it doesn’t mean that you don’t have options. Government and church organizations exist to provide support, and you may be able to find a financing option that suits your lifestyle. If you are getting ready to plan a funeral and don’t have the available funds to cover it all, here are a few of the choices you face:

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Choosing the Right Bereavement Counselor

Wednesday, February 15th, 2012

Choosing the Right Bereavement CounselorAfter the funeral planning is done and you’ve said your goodbyes, the real work of bereavement begins. For many people, it takes a lifetime of hard work to learn to cope with the loss of a loved one—and getting support right from the start is an important step in doing this.

Bereavement counselors are mental health professionals trained to work with people facing the loss of a friend, family member, or even a public or heroic figure. Grief hits everyone in a different way, and there is no right or wrong way to have feelings and process this grief. That’s why it is so important to find a bereavement counselor who is right for you. As is the case with any medical professional, there needs to be a foundation of trust and understanding before you can make the commitment to begin healing.

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The Three Most Common Times to Start Planning a Funeral

Monday, February 13th, 2012

The Three Most Common Times to Start Planning a FuneralMost people assume that funeral planning is something that happens once death occurs—which is part of the reason it gets such a bad reputation. There are few things worse than being forced to choose a casket, select a burial plot, and talk about ways to pay for a funeral while you’re still reeling from a sudden loss.

While the most common reason people plan a funeral is because a loved one has passed away, it’s not the only time for this task to get done. Here are the three top times for funeral planning and what each situation entails.

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The Role of Animals in Grief and Bereavement

Monday, February 6th, 2012

The Role of Animals in Grief and BereavementHuman grief is often one of the first things we are trained to recognize after the loss of a loved one. Funeral homes and funeral planning experts have countless resources on hand to help direct people toward bereavement services, medical professionals, and counselors who can help people cope with their emotions.

One area that is receiving increased attention in recent years is the role animals play—both in the bereavement process and as beings capable of mourning. If you are an animal lover, you may find that one of the best ways to cope is to find solace with your four-legged friends.

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What To Do When Someone Dies: Life Insurance

Thursday, February 3rd, 2011

What To Do When Someone Dies: Life InsuranceLife insurance is one of those things that just about everyone considers within their lifetime; leaving our family and dependents with enough money to get by is not only a smart financial move, but an act of love, as well. However, like any type of financial investment, life insurance is rarely straightforward, and in the event of death, there may be additional hoops that must be jumped through before all the funds are released.

As you face the first few days after the death of a loved one, you’ll want to gather up the necessary paperwork and prepare to talk to the right authorities—including insurance agents, the Executor of the Estate (when needed), and possibly even your attorney.

Commonly Asked Insurance Questions

When a loved one dies, who do I contact about the life insurance policy?

The agent who sold the policy is typically the first point of contact. This individual should have a record of all the transactions included with the life insurance policy, including what the payout will be and who the beneficiary is. Assuming there are no further complications, a proof of death (i.e., a death certificate) and proof of your position is all that is needed to release the funds to the proper channels.

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What To Do When Someone Dies: Stocks and Investments

Tuesday, February 1st, 2011

What To Do When Someone Dies: Stocks and InvestmentsOne of the types of financial property that commonly passes from one person to another when a death occurs are stocks, bonds, and other kinds of money market investments. The good news about this kind of property is that it is almost always done by the type of individual who put time and effort into financial planning, estate planning, and other long-term objectives. This means there is a good likelihood a will is in place and steps have been taken to smooth the way for beneficiaries to gain control.

However, because death can be so sudden and unexpected, this isn’t always the case. As in any situation in which the deceased leaves behind an estate that must go through probate, there are certain steps required before all the funds can be released. If your loved one had a stock portfolio or worked with a financial advisor to create long-term investment plans, you may want to be sure of your rights and responsibilities regarding what to do about stocks and investments when a loved one dies.

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What To Do When Someone Dies: Social Security and Other Government Organizations

Friday, January 28th, 2011

What To Do When Someone Dies: Social Security and Other Government OrganizationsMany times, the death of a loved one occurs when he or she has reached an advanced age—an age at which Social Security, Medicare, and Medicaid are part of the financial structure of his or her estate. As part of the funeral planning and estate dissolution process, you will need to notify the proper authorities. In some cases, you might also be eligible for benefits and other services that can provide support during this difficult time.

Social Security

It is your responsibility to ensure that Social Security is notified as soon as possible after a loved one dies. In many cases, the funeral director will either alert you to this fact or offer to contact Social Security on your behalf…you will simply need to give permission and ensure that the director has the correct social security number to make the report.

It can take a few weeks or even months before the death is processed with Social Security, so if you get checks or direct deposits, be sure not to touch the money, as you will be required to give them back.

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What To Do When Someone Dies: Online Accounts

Wednesday, January 26th, 2011

What To Do When Someone Dies: Online AccountsIn our modern Internet age, there are multiple places where we interact and communicate online. From standard email accounts and Facebook to Foursquare and Twitter, an individual can juggle as many as several dozen online accounts at one time. And when an unexpected death occurs, this can leave several loose ends that need to be tied up before you can finally say your goodbyes.

No amount of funeral planning will prepare you to handle the numerous different online accounts left open after a death. If you are estate planning or making a will, it is a good idea to make a list of all the online accounts you have as well as the usernames and passwords necessary to access them. This list can be left with a trusted family member or even as part of your will, to become the responsibility of the Will Executor upon your death.

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What To Do When Someone Dies: Real Estate

Friday, January 21st, 2011

What To Do When Someone Dies: Real EstateWhen someone in your family dies, there is a good chance that he or she had real estate (either in the form of a personal residence or in investment properties) that will be subject to either probate, inheritance taxes, or both. In cases where the real estate value is high or completely paid off, this can represent a great financial boon; in others, where there may be a mortgage on the property, the house or land may end up going to probate to pay off existing debts before you’ll ever see a penny.

Depending on your relationship with the deceased, the process of finalizing all the paperwork and transferring the property will vary. Here are a few of the more common situations:

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What To Do When Someone Dies: Grief Resources

Tuesday, January 18th, 2011

What To Do When Someone Dies: Grief ResourcesThe bulk of this series on What to Do When Someone Dies deals with funeral planning and steps for moving through the estate and probate process. However, all the financial and legal paperwork in the world can’t account for the emotional toll the death of a loved one can have on you, your family, your home life, and your professional life. No one, no matter how much advance warning and preparation he or she has, can be prepared for the loss of a loved one. And when death occurs suddenly or unexpectedly, the psychological impact can and will change your life forever.

The best thing you can do for yourself in the days following the death of a loved one is to connect with grief support resources. Even if you never use them, it’s a good idea to have a place (either a physical place or an online group) you can go for help, should the need arise.

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