This post is designed for anyone who has recently lost a loved one or those find themselves suddenly coping with the death of a loved one and those wanting to take steps to prepare should the worse happen.
Are you prepared to deal with a financial shock? 💥😱
These are traumatic life changing events that can shake your whole world and lifestyle right to the core. It may have a seismic impact on your standard of living and can lead to a chain of further financial after shocks if you are not prepared.
Today we tackle ‘The Death of a loved one’ we want to ensure a really difficult emotional time doesn't turn into a very difficult financial time when having to cope with your household finances on your own if your partner normally deals with this.
This can leave you in a financially vulnerable position.
The last few year have highlighted to many how frail life is.
Grieving will take time and so will the settling of estates, so make sure you have a financial buffer to pay the bills in the short term should the unexpected happen to you.
How would you fare if this was you? You need to plan to ensure you can pivot quickly in the event of coping with the unexpected death of a loved one.
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THIS ARTICLE DOES NOT CONSTITUTE TAX OR LEGAL ADVICE AND SHOULD NOT BE RELIED UPON AS SUCH. TAX TREATMENT DEPENDS ON THE INDIVIDUAL CIRCUMSTANCES OF EACH CLIENT AND MAY BE SUBJECT TO CHANGE IN THE FUTURE. FOR INDIVIDUAL HELP, SEEK PROFESSIONAL ADVICE.