Losing a loved one is never easy, and it can be overwhelming to know what steps to take next. In the following video, a financial advisor shares 21 practical steps to help you navigate through the process after losing a loved one. From managing finances to dealing with communication, this video offers valuable advice for anyone going through this difficult time.
- Notify friends and family
- Designate a leader
- Communication
- Lock the house down
- Contact funeral home
- Contact their financial advisor, CPA, and Attorney
- Notify Social Security Office
- Notify other government organizations
- Medicare Advantage plan
- Contact their employer or former employer
- Contact insurance companies
- Make a list of all debts and bills
- Inventory of assets
- Contact credit card companies
- Contact 3 major credit organizations
- Call DMV
- Cancel memberships
- Close email & website accounts
- Work with CPA
- IRA account
- Estate Attorney
You can also listen to the video as a podcast if you prefer. Click here.
On the lighter side, I attended the Stratos National Convention. Elliott and Iren attended too. I spoke on a couple of panels about best practices for financial advisors. Met many good people. I did get to squeeze in some early fishing one day.
