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.
Tag Archives: financial
Expanding Our Mission!
To achieve it’s mission of “helping 1 million families” deal with death in this digital age, My Life and Wishes is now offering its’ services to Professional Advisors. “Our main focus will be working with Estate Planning Attorneys and Financial Advisory firms”, announced Jon Braddock, Co-Founder of My Life and Wishes.
Continue readingWhat Happens to Debt When You Die?
Planning your legacy can be complicated. Debt is a very real component in that planning. Make sure you understand what debt you have, who will end up being responsible for that debt, and how that might impact what you leave for your loved ones.
Continue reading5 Things You Need To Know About Care Giving
Did you know there are over 42 million unpaid caregivers in the U.S.? Yes, that’s 42 million – unpaid. Whether you’re caring for a loved one at home or from a far, it has its’ challenges. And the current pandemic has made those challenges even more difficult to manage. Here are 5 tips to help.
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