“Being in the financial planning industry for over 35 years and focusing on end of life planning, we’ve become accustomed to seeing first-hand what families go through after the death of a loved one. Many times, there is added pain and frustration because they just don’t know what to do.” Michelle Braddock, Co-Founder, My Life and Wishes Inc.
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There are many expenses after a person dies. The most immediate being burial and funeral costs.
So what’s the best way for family or personal representatives to pay for these expenses? Should you write a check or pay for these expenses with the deceased persons’ credit card?
The answer is probably not! Even if you’re an authorized user on these accounts, it may be considered Fraud to continue to use them once a person dies.
Bad things happen. We cannot predict or control them, but we can control how we react to them. And once through it, it’s wise to reflect on that event or circumstance to see what the experience has taught us.
Being productive during these sometimes-monotonous days (is it Monday or Saturday? syndrome) is critical to keeping our sanity. The feeling of accomplishing something you haven’t done before, (or have put off for a long time) can be extremely satisfying!
In a recent report, Care.com talked about the importance of end-of-life planning and included My Life and Wishes as the “best on-line end-of-life planning and document service(s)”.
In a related Article, Kim Komando names My Life and Wishes as one of her top picks on organizing end-of-life plans.
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