Prepare now and you will save yourself — and your family — a great deal of heartache.
You should be aware of where the important documents you will need are located.
This form for listing personal assets should be filled out now.
Your attorney can give you additional input but these documents are necessary and knowing about them in advance will make this difficult time easier. In addition to having the contact information for your attorney you should also have it for your accountant and financial advisor/financial planner.
Documents you will need and areas where work is needed that are not included on the form.
You will need a death certificate which you can get from the hospice worker, medical examiner,
county health department or funeral director. You should make sure to ask for at least eight certified copies as you will need them for many different reasons and trying to get additional copies at a later date is often very difficult and time consuming. For example, you will need to furnish one to the life insurance company to receive death benefits.
You’ll also need:
• A copy of your marriage license
• Your spouse's Social Security number and last statement
• Your spouse's insurance policy
• The last will & testament
• Durable power of attorney
• Health care agent and living will
• Passwords and logins for online accounts
• Your spouse's birth certificate
• Your spouse's military discharge papers and veteran's benefit statement.
If your spouse was an Armed Forces Reserve at the time of death or on active duty call 800-321-1080, you might be able to receive a one-time tax-free $100,000 death gratuity payment. If your spouse was a retired military member there are survivor benefit plan annuities you may be entitled to.
You’ll need access to an account which will enable you to withdraw funds to pay for expenses, including the funeral. Note the average funeral cost in 2015 was $9600. Widows and widowers often do not realize that funds can be tied up in probate and not available when needed. Check with your attorney to make sure you will have the necessary funds you will need.
Cancel your spouse's credit cards you do not sign on and check the statements to make sure there are not payments automatically made from these cards. Close digital and social media accounts. You’ll need a list of all accounts, logins, passwords and URL's as well email accounts.
Notify Social Security and arrange for survivor benefits. Call 800-772-1213. As a surviving spouse, you are entitled to receive a one-time death benefit of $255. You won't need to apply for survivor's benefits if you're already receiving Social Security spousal benefits. Social Security will automatically adjust your monthly benefits. Notify Medicare and supplemental health care plans.
Notify auto, home and liability insurance companies.
Discuss with your spouse ahead of time his/her wishes for burial (cremation or burial). Discuss notification to friends and family and what if anything should be conveyed on Facebook, Twitter and LinkedIn.
Discuss details of your spouse's retirement plan documentation regarding what may be paid out in the event of a premature death and when these finds become available. Go over the details of your spouse's business and partnership agreements and who and how they will be handled after death. Your attorney, accountant and financial advisor should be in this loop and you must know if any responsibility will fall on you as well.
Check your homeowner's insurance policy as some policies will pay for the home in full in the event of premature death. Check to see if you also sign on checking and savings accounts as these funds may be necessary to tide you over until other funds are available.
In closing no one wants to consider the passing of a spouse but preparing for this eventuality will make it much easier when the time comes. Seek out resources for starting over after this kind of loss.
Resource : http://www.marketwatch.com/story/how-to-prepare-for-the-death-of-your-spouse-2016-12-08