Planning Ahead for a Loss

What Comes After Goodbye?

Practical, step-by-step financial guidance to prepare for the death of a loved one

Losing a loved one is difficult enough without having to worry about the financial effects. Because losing a loved one can take such a toll on your emotions, we recommend you wait at least a year before making major financial decisions.

Planning ahead will help you avoid additional stress when you want to focus on fond memories rather than finances. Our financial team is experienced with estate planning and can help you find financial peace of mind after a loss. Below, we have provided step-by-step recommendations.

Assembling Your Team

To help you navigate this difficult time, first assemble a trustworthy team with estate finance experience.

  • Certified Financial Planner®
  • Accountant
  • Attorney

Your CFP® will guide you through these steps:

  • Establishing an estate account
  • Obtaining a Personal Representative Letter
  • Updating accounts with banks and credit card companies
  • Updating and collecting eligible benefits from insurance policies
  • Guiding you through Social Security decisions

Acquiring Financial Documents

Gather these documents before making any financial decisions:

  • Death certificate
  • Will
  • Titles and deeds for home and vehicle
  • Account statements for retirement plan, IRA, bank, brokerage, credit cards, etc.
  • Insurance policy information (life, disability, homeowners, auto and long-term care)

Handling Bills and Expenses

  • Keep all estate bills in one place.
  • Pay only bills that are necessary.
  • Keep all receipts for payments.

To learn more about how to financially plan for other life pivot points, click the links below:

Set up a complimentary portfolio review today!

Have a question or need to make a change on your account?

Want to learn more about Lowe Wealth Advisors?

Our Philosophy Our Process

View our upcoming client events.

Go to Events Calendar

Lowe Wealth Advisors is here to help you and your family make sound financial decisions through each pivot point of life.

Learn more >>