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Step 1: How Much Monthly Income Do I Have? Step 2: How Much Money Do I Need? Step 3: How Can I Find Out What I Have? Step 4: How Much Money Do I Have Overall? Medical Expenses and Other Bills?
Working with Financial and Legal Advisors |
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taking a financial
inventory
If your loved one was employed, contact the
employer’s human resources department for information about
his or her benefits. They may include life insurance, medical expense
reimbursement, retirement accounts, or pension plans. There may
be expenses owed to your loved one, too, such as reimbursement for
education, travel expenses, or uniforms. Ask what benefits you can
expect to receive and what you need to do to collect them. Your
family also may be able to continue the same health insurance coverage
for a limited time at their expense. Be sure to check with past
employers because your loved one may have been eligible for retirement
or pension benefits at those companies as well. If your loved one
was a business owner, your best sources of information will probably
be his or her business partners and legal and financial counselors.
There may be business life insurance or buy-out agreements you need
to know about. Because these matters can be complicated, consider
seeking legal counsel before making any decisions or giving up control
over your loved one’s business. |
Employment/Business Ownership?
