How do you find out if someone had life insurance after they have died? And if they did have it, who are the beneficiaries? It’s tough to figure out on your own since most life insurance companies won’t take any action to notify beneficiaries until someone reports the insured’s death. So where do you start? The first thing you need…
Tag: Death planning
Why don’t people have wills?
I have often wondered why I work with so many clients whose loved ones didn’t have any planning documents in place before a health crisis or even worse their death. Based on conversations with friends, family, and some previous clients, here are some of the reasons that prevent people from completing their wills: 1. I don’t own enough. If you…
Why Singletons Should Prepay for Cremation
Absent prepayment, funeral homes require next-of-kin to agree to cremation for recently-departed loved-ones (“decedents”) who have indicated a preference for the process in their wills. If the decedent was married at the time of death, the surviving spouse can authorize cremation. If the decedent was unmarried but had children, the children must unanimously agree to a cremation. And, if the…