| Nobody likes to think about losing a
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| | providers. Any joint accounts should be
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| loved one, and often when it occurs, we
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| | transferred to an account in your name
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| have no idea where to turn.If you are not
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| | only. (You will need to use one of those
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| prepared, the paperwork will hit you
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| | death certificate copies for this.) In
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| after your spouse's death in an
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| | many instances, you will be able to
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| apparently overhwelming deluge. It is
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| | renegotiate the terms of outstanding
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| tough to get through it even when you are
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| | loans with your banker if your financial
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| prepared. A to-do list is prepared for
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| | status is shaky. If your husband had a
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| you here.1. Get a grip on your assets.
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| | brokerage account, ask his broker to give
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| Find out what you have to work with by
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| | you a value on his account at the time of
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| gathering copies of your joint tax
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| | his death. Estate taxes will be based on
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| records for the past five years, records
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| | the evaluation of assets in all his
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| of both your husband's and your own
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| | accounts.7. Update your insurance
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| retirement plans, all insurance policies,
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| | policies. If your spouse worked for a
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| bank and brokerage accounts, and the deed
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| | company that has a health plan covering
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| to your house and any other property the
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| | 20 or more employees, the law requires
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| two of you might own, jointly or
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| | the plan to offer you and any dependents
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| seperately. Bundle the documents in one
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| | coverage for at least 18 months but can
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| big file that you keep in a safe but
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| | be stretched up o three years if you have
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| accessible place, such as a locked
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| | dependent children. Also update any life
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| drawer.2. Obtain death certificates.
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| | or disability insurance policies.8. Put
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| You'll have to send nearly two dozen
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| | your money someplace safe. Do not even
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| copies of your husband's death
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| | think about making any major financial
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| certificate to credit card companies, the
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| | decisions at this time. It is recommend
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| company that holds the mortgage on your
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| | that you refrain from investing any
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| home, insurers and various other
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| | lump-sum insurance or pension payout for
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| companies and agengies to verify his
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| | at least six months, and if you can wait
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| death. At this time, they are not
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| | this long, a full year after your
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| requiring the copies be certified by the
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| | husband's death. Stash cash into liquid
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| state.3. File for benefits. Notify your
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| | money market funds, or short-term
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| husband's employer and file for any
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| | certificates of deposit or Treasury
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| benefits owed you, such as pension
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| | bills.9. Work out a spending plan. You
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| income, life insurance and health
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| | have already assembled the important
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| insurance coverage. Do this by talking to
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| | documents. Now you need to allocate your
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| the person in charge of employee benefits
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| | new income to satisfy your needs as well
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| (ask the human resource department to
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| | as investing your money for retirement,
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| direct you). Find out about settlement
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| | for your children's education, and so
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| options - does the plan want you to
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| | forth. Subtract what you owe on your
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| choose between a lump-sum payment or
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| | mortgage, credit cards and outstanding
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| annuitized payments, which are made every
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| | loans as well as any tax obligations from
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| year.4. File insurance claims. Alert your
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| | your total assets. How much income do you
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| husband's life insurance company and file
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| | have? How much do you spend each month?
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| a claim. Your insurance agent will have
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| | Determine which bills must be paid and
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| all the policy information you will need
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| | which are optional. There's your spending
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| and will be able to help you obtain the
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| | priorities.10.Take it slow. After you
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| necessary forms.5. Notify government
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| | navigated the must-do list and found the
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| offices. The Social Security
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| | crucial documents, take a break. Don't be
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| Administration will need to be notified.
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| | pressured to make big financial
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| You must have been married a minimum of
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| | decisions. When you are ready, it's a
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| nine months before your spouse's death to
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| | good idea to set up an appointment with a
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| be eligible for benefits, except in the
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| | financial adviser to help you make wise
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| case of death resulting from accident or
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| | decisions.Roger SorensenAmerica's
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| military service. Don't forget to contact
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| | Financial Guide can be found at ==>
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| the motor vehicles bureau in your state
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| | Subscribe to Money Basics via - Are you
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| to change all vehicle registrations to
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| | ready for financial freedom?
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| your name.6. Contact financial services
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