Whether you have been through an unexpected loss or have assisted someone close who has gone through a difficult time, we all know there are many decisions that will need to be made. Checklists and speaking with professionals, such as your lawyer or financial advisor will help with some of these. To prevent some of the added stress we should all take a few minutes every so often to review your finances, and consider what would happen at the death of your spouse (or what would happen if you died). Review life insurance policies and ensure they are adequate. Visit or call some local funeral homes to discuss the cost and what arrangements will be required, if possible plan ahead. You should also make sure beneficiary information on bank accounts, investment accounts and other financial products and services is up to date. The loss of a spouse is never a smooth transition, but you can keep it from being financially devastating.
For more information on steps to take after a loved one passes visit www.Widowed.ca