Money problems are common after a sudden death of a partner or spouse. Not only are funeral costs expensive, the loss of family income can be devastating to the entire family. Then, add medical bills to the mix. It may seem you have no one to turn to for help. Additionally, if someone else was to blame for your loved one’s death, the emotional aspects of the loss — anger as well as grief — may be overwhelming.
Get help avoiding financial ruin
As difficult as this time is, you cannot simply ignore the money matters in your life. However, you may not know where to start. The following tips may help you stay on top of your financial responsibilities:
- Seek help from a financial professional.
- Negotiate with creditors about family debt. They may provide a grace period if you explain the reasons behind your missed or late payments.
- If keeping up with bills each month is hard for you, consider setting up automatic drafts so that you make your payments on time routinely.
- Look into programs that may help struggling individuals whose partners have passed away. Just watch out for scams that seek out people in vulnerable positions such as this.
- Explore budgeting options based on how your needs have changed since the death.
Get legal support
If the fatal accident or illness was due to someone else’s mistake or negligence, learn about your legal options. While no amount of money can bring your loved one back, it can make your financial situation bearable. A wrongful death claim can help you and your family avoid bankruptcy or worse.
Last but not least, seek help for the emotional aspects of a tragic death. The support of family, friends and professionals can help you more than any amount of money can.