Losing a loved one can be one of the most incredibly trying experiences of a person’s life. Between funeral planning and alerting relatives and friends to the death, it can often seem like a huge relief once the funeral is finally over. However, the month after a loved one’s death is a crucial time for settling the deceased’s finances – and for ensuring the protection of your own. If you need advice on how to financially move on after the death of a spouse, parent or other relative, then read on to find out what you need to know on making the change as smoothly as possible.
One important note: it can often be tempting to push aside sorting out any financial matters in the midst of your grief, so if you need help with any of these steps, enlist the aid of friends and family members. They’ll provide much-needed emotional support as well as assist you with any legal or financial difficulties you may encounter. Additionally, contact professionals who can give you the best advice on how to manage your finances and settle any debts that were left behind by a loved one.
