Financial Mistakes To Avoid After A Partner Loss

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2/18/22, 11:38 AM

Financial Mistakes to Avoid After a Partner Loss - Sylvester Knox | Professional Overview

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Financial Mistakes to Avoid After a Partner Loss by Sylvester Knox | Feb 18, 2022 | Personal Finance

A family member’s death is a difficult time. It can also lead to many financial decisions that are necessary to support the surviving family members. It can be overwhelming to plan ahead and manage all of the details. To reduce stress, here are some simple steps to help minimize it.

Seek Help from the Professionals To get started, contact a financial advisor for a free consultation. Estate planning is a process that involves creating an estate plan and setting up a trust. This can be done using a will or a revocable trust. If a spouse previously named a power of attorney or medical power-of-attorney, the surviving spouse should now contact their attorney to change their designation.

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