You never want to think about the possibility of a spouse passing away. But failing to prepare for such an eventuality makes it harder to deal with if it were to happen.
A story in USA Today lists five basic steps to take to prepare for such a possibility:
- Determine how much life insurance you and your family need.
- Understand the details of your spouse’s policy.
- Write a will.
- Talk to your spouse about final wishes.
- Keep all your financial records in a secure place where your spouse can find them.
Do these things and you will prepared in case something happens.
If you have questions about estate planning, feel free to contact us for a consultation at (626) 696-3145.
