The sudden death of a family member can have a significant impact on finances for everyone. Sudden deaths like those of Anthony Bourdain and Kate Spade illustrate why it’s so important to have done some work in advance with regard to financial planning. Attorneys, financial advisors and therapists all have chimed in in recent articles about what to do for families that are dealing with a sudden death.

Many causes of death that are prominent throughout the United States are those that happen without warning, like accidents, suicide, stroke and heart disease. In fact, these all have a spot in the top ten causes of death around the United States, according to data gathered by the U.S. Centers for Disease Control and Prevention. Being organized such as locating the will and having financial documents planned in advance is extremely important for loved ones.

A person who puts together a comprehensive estate plan should address their mental as well as their financial health, and allow family members the necessary space to get the support and help needed as they grieve. Anyone who is coping with serving as an administrator or a trustee for a loved who has suddenly passed away, should avoid making any major financial decisions for a minimum of one year. It’s also important for family members to be prepared for the unexpected. It is important to talk about estate planning options with your family, as well as to have a plan.

Far too many people put this off because they don’t want to be seen as a burden, but it could actually be a greater burden to your loved ones if you don’t take part in any planning in advance. The support of an experienced estate planning attorney is instrumental when you find yourself coping with the consequences of dealing with the sudden loss of a loved one. You can prevent challenges facing your family members in the future by doing your necessary planning now.

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