“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.
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.
For me the ultimate act of love is planning ahead.
I call it Death Etiquette™:
Death Etiquette™ – Being thoughtfully prepared for one’s own passing. Accordingly, making things easier for family and loved ones by leaving clear and concise instructions in regard to your final wishes for funeral desires as well as location and access to important documents and accounts. Further identifying who should be responsible for carrying out the final wishes and ultimately settling all the final affairs. It is a simple act which saves loved ones Stress, Time and Money…. the things which divide families!
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