We know that the holiday season is right around the corner, and the last thing that you want to do is think about all of the bad things that can happen. However, we have a hard truth for you: not thinking about the worst case scenario isn’t going to make it any less likely to happen. If anything, all it does is make sure that you’re caught unaware if something goes wrong. That doesnít just apply to today’s topic of a sudden death in the family, but it actually applies to a lot of emergencies. We don’t want to wish ill on anyone, ever. We think that it’s best to go through life believing in the best possible outcomes. However, the reality is that when trouble strikes, it usually strikes pretty hard. How you recover depends on a few factors: how you have your emergency structure set up, and who is around to help you. If you have a very supportive family, things will low much smoother than if you have a family that really doesn’t concern themselves with your well being. That’s another hard truth, and there are so many people that just can’t count on their family to have their backs. It’s a real shame.
A sudden death in the family is extremely stressful. When you can’t imagine living life without that loved one, it’s hard to think about the financial. But that’s exactly what we have to do, and if there are young children in the home it’s even more important. You can’t fall to pieces when the kids still have to go to school and you have to go to work. The most important thing here is that you try to bring the family back to normal as soon as possible. Here are a few tips to do that.
First and foremost, the best plan is to already have life insurance set up. If there’s a life insurance policy, it will make things a lot easier. You should be able to get the life insurance paperwork started by faxing a copy of the death certificate and other information the claims representative will need. If there are any items that are transferable upon death, you’ll need to use the death certificate to claim those as well.
But what if you don’t have life insurance? You need to write down everything that’s going to come out of the house in the next 90 days. Looking three months ahead can help you avoid problems. If you cannot afford to bury your loved ones, you need to look around at any agency or charity that may do so at reduced or no cost to you.
Coping with death isn’t easy. There are free hotlines that can help you process a loved one’s passing. Sudden deaths are terrible, because it throws everything off balance. But as long as you seek out support quickly, it won’t be impossible to overcome.
If there is an executor of the state, the need to be notified right away. If that person is you, then you need to roll up your sleeves and start handling these things yourself.
Will you need to get a second job? Will you need to perhaps sell some belongings in order to continue paying everything? Will you have to move into a smaller place? Death changes a lot of things, and it’s important to see your options realistically. If you cannot hold on to a place, the worst thing that you can do would be to try to spend money when you could direct that cash flow elsewhere.
These decisions will most likely be painful, but they’re necessary in order to grow. You don’t have to face financial disaster in the wake of a sudden death. This is why we advocate so strongly to build a budget, keep a budget, and save as much money as you can. After all, you just never know when a true tragedy will hit your family. Keep these tips in mind as you navigate your family through a very tragic time.