Social Security is the main source of income for many in retirement, and can provide a level of financial protection for you and your family. But what happens if you are receiving a Social Security check and your spouse dies? How does your spouse’s death affect your benefits, and what ...
If you find yourself referring to this article now or you decide to keep it in a drawer or on your computer for some unforeseen time in the future, please know that I am here to help you and assist you as you seek answers to your questions and a measure of financial equilibrium. ...
Things are slightly different with a401(k). You will still complete a form that designates who receives your benefits when you pass away. If you’re married, though, the law says your spouse becomes the recipient. Even if you’ve beenlegally separatedfor years and now live with somebody els...
Do I need to apply for a Grant of Probate or Certificate of Confirmation? What if my deceased spouse or civil partner held an ISA? Funeral invoice payment You can use money from the deceased's account to help with funeral costs If you send us the invoice on the funeral company’s headed...
When a spouse dies, their assets typically transfer to their surviving spouse, as long as their surviving spouse was named as the beneficiary of the account. That's why if you have an IRA, a 401(k), or other accounts, it's crucial for you to set up your beneficiary designations—whet...
You can even be vague if you need to:“I remember that 9/11 impacted you personally. I’m sorry.” If your friend survived the traumas of 9/11 with altered health, don’t hesitate to reach out,but do be sensitive. Let your relationship guide how much you say: ...
What to Do When a Loved One Dies of an Infectious Disease The death of a loved one is almost always a traumatic experience, but when death was caused by an infectious disease, it can become even more upsetting. Any time you are talking about an illness that has the potential to spread ...
What to do immediately after someone dies Every situation is unique, and there’s no single set of steps to take. Here are a few things to consider doing right after a loved one dies. 1. Death is pronounced Whether your loved one died at a hospital, in hospice care, home, or anot...
When someone in your family dies, there is a good chance that he or she had real estate (either in the form of a personal residence or in investment properties) that will be subject to either probate, inheritance taxes, or both. In cases where the real estate value is high or completely...
“So this is what it feels like,” the writer’s voice in my head intrudes, “when you lose your spouse.” A bit of time passes. Seconds? Minutes? Hours? Impossible to say, but the doctor is still here, saying I don’t know what anymore. ...