Surviving the Death of a Spouse: An Overview

grief

There are a veritable plethora of devastating emotions following the death of a spouse – including sadness, loneliness, anger, confusion, and fear. In addition to these feelings, many spouses are lost regarding financial tasks that need to be addressed immediately, especially if the spouse who passed away was in charge of all of the family’s financial matters.

It can be quite overwhelming to a surviving spouse who is unfamiliar with many of the banking and financial affairs that need immediate attention. Additionally, the surviving spouse may be left in dire financial straits now that he or she is left to run a household on one income rather than two. Unfortunately, at times this leads people to make irrational financial decisions due to extreme emotional duress.

As a general rule, it is advisable to avoid making any significant financial decisions for at least six months following the death of a spouse. Consulting with an experienced bankruptcy attorney is definitely the best advice for anyone in this situation, and the sooner the better.  The attorneys at Veitengruber Law are able to efficiently assess every specific financial situation, and will help you get all of your affairs in order to determine what path is appropriate as you move forward. We genuinely care for the well-being of our clients, and we also have expert knowledge regarding estate planning. This combination is what allows us to assist newfound widows with compassion, sensitivity and competence.

Talking about death is something that most couples avoid, as it is a rather depressing topic, which means that a lot of people do not have a plan in mind in the event that their partner should pass away. However, it is of the utmost importance that all financial obligations should be discussed on a regular basis between you and your mate, so that one of you is not left slammed while attempting to grieve.

Should your husband, wife, or partner pass away suddenly, leaving you in a lurch regarding money matters, it is natural to feel a wreck. Luckily, with the right help, getting back on track isn’t as impossible as it may seem. You will need to gather the following information:

  • Estate plan paperwork (will)
  • Birth and death certificate
  • Life insurance policy paperwork
  • Bank statements
  • Information regarding your home mortgage
  • Social Security card (for you and your spouse)
  • Credit card information
  • Homeowner’s insurance policy
  • Car insurance policy
  • Location and access to any safe deposit boxes
  • Applicable health insurance policy information
  • Utility bills
  • Investment documentation

Our professional attorneys will help you run down your checklist and will gather the necessary information, enabling you to tackle these tasks one at a time. We understand that dealing with a mountain of paperwork is the last thing you want to do during the grieving period. It is our practice to go above and beyond to ensure that our bereaved clients make the most appropriate and sound decisions at such a delicate, transitional time. We make it our priority to help you address all of your debts, including those belonging to your late spouse, and we will forge the best financial plan for you and your family as you move past this difficult time.

Photo courtesy of Eflon

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3 Responses to Surviving the Death of a Spouse: An Overview

  1. Pingback: Am I Legally Responsible for My Late Husband’s Debts? | Veitengruber Law

  2. Pingback: What to do After the Death of a Loved One | Veitengruber Law

  3. Pingback: My Husband Never Listed Me on his Life Insurance Policy! | Veitengruber Law

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