Weighing out the pros and cons of different financial options can be overwhelming during this stressful time. Set up a meeting with a Certified Financial Planner (CFP) or a financial advisor to organize the finances, review assets and determine where proceeds from insurance may need to go. An expert can make organizing the finances much easier and also answer any questions you might have about re-titling the deceased parentâ€™s assets and jointly held assets.
Itâ€™s never easy to deal with the impending death of a parent or loved one. But following some of these steps above can make a painful process at least a bit less stressful financially for everyone involved.