The loss of a loved one can be a very difficult time, but there are a number of important financial matters that need to be addressed.

1. Review financial affairs. Look for estate planning documents, such as wills and trusts, and other relevant documents, such as deeds, titles, marriage certificates and birth certificates. These documents may be found in a safe-deposit box or your loved one’s attorney may be of assistance.

2. Make a list of assets. Locate investment account statements and insurance policies. Make sure mortgage and insurance payments are made while estate is being settled.

3. Obtain several certified copies of the death certificate, photocopies may not be accepted. The funeral home should be able to assist you.

4. Contact all credit card companies and them know of the death. Cancel all cards unless you are name on the account and want to keep the card.

5. Report the death to Social Security by calling 1-800-772-1213. If your loved one was receiving benefits via direct deposit, request that the bank return funds received for the month of death and any future payments. Do not cash any Social Security checks received by mail. Go to https://www.ssa.gov/ for more information. 

Faith Investor Services has helped many families through these steps after the loss of a loved one. Please reach out today if we can be of assistance at faithinvestorservices.com/contact.