The first thing to do when a spouse dies is, if applicable, call your attorney.
While there are many immediate and important tasks that follow the death of a spouse, consulting with an attorney is crucial to understand the legal and administrative steps required to properly manage the estate, probate process, and any potential legal ramifications. This initial consultation can provide clarity and guidance during an emotionally challenging time.
Here's a broader look at important steps to take:
- Locate your spouse's will: Knowing the contents of the will is fundamental to understanding their wishes and how their assets will be distributed.
- Contact your spouse's former employers: This is essential for understanding benefits, pensions, and life insurance policies.
- Notify all insurance companies, including life and health: Filing claims and understanding coverage is vital.
- Change titles on all joint bank, investment, and credit accounts: This ensures proper access and control of financial resources.
- Meet with your accountant/tax preparer: Understanding the tax implications of the death is important for proper financial management.
