Death of a Spouse
Few experiences in life are more traumatic and devastating than the death of a spouse. Unfortunately, however, the world does not stop even upon the loss of a life time companion. Instead it demands action and presents challenges that must be addressed even during the grieving process.
- Does your spouse’s Will need to be probated?
- What are the Social Security ramifications?
- Are your own Will, Power of Attorney and Living Will up to date?
- Who will take care of your finances, medical needs, taxes, etc. if you become disabled?
- Are you entitled to veteran’s or surviving spouse’s benefits?
- Will your children lose some or all of their inheritance unnecessarily without death tax or long term care planning?
- How can you transfer title to your spouse’s vehicle or other solely owned property?
- Are you responsible for your spouse’s debt? Does it constitute a lien against your house?
Because of vital questions like these, the time for grieving must also be the time for action and planning ahead.