Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.

Emotional difficulties are expected when a spouse passes, but understanding the management of the family finances can lessen the stress.

When a spouse passes, a lack of knowledge about the finances can cause increased emotional and financial stress at the most inopportune time, according to The New York Times in “Death Is Inevitable. Financial Turmoil Afterward Isn’t.

This is a mostly avoidable problem.

In most cases, the non-involved spouse just needs to be informed beforehand about how the family finances are arranged and managed. The spouse needs to be aware of insurance and retirement plans. They also needs to know where to find the documentation for those plans.

Estate planning is particularly important, since it provides an opportunity for both spouses to discuss their finances with an attorney and to make arrangements for what should happen if the spouse who typically manages everything passes away. This also allows the other spouse a chance to reflect on whether he or she even wants to (or feels capable of) handling everything.

The surviving spouse may sometimes be more comfortable having someone else in charge of the finances through a trust or other legal entity.

An estate planning attorney can guide you through the process of creating an estate plan that best fits your unique circumstances.

Do You Need To Speak With An Attorney About Estate Planning?

If you need to speak with an experienced estate planning lawyer please contact us online or call us directly at 800.756.5596 to claim your space at one of our free, informative seminars. Your attendance will qualify you for a discount for our estate planning services. We proudly serve clients throughout California with offices in Torrance, Newport Beach, Orange, Woodland Hills and Pasadena.

Be the first to comment!
Post a Comment