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Podcast Show Notes – The Architecture of Wealth

 

Date: 11/23/2022

Name of podcast: The Architecture of Wealth

Episode title: What to Do When Someone Dies

 

Whether you’re handling the death of a loved one or you want to make life easier for your loved ones upon your death, these steps can help a family navigate the complexity of death both financially and legally. The list of steps can also help families plan ahead of time.  

 

For information about Sona Wealth Advisors: www.SonaWealthAdvisors.com

 

Summary:

 

In the wake of losing a loved one in the Struthers family household, we are sharing a list of what to do when someone dies. Starting with immediate steps and then moving on to steps to take within a couple of weeks of losing a loved one, this list encompasses everything practical a family can do. 

 

Step 1: Obtain legal pronouncement of death from staff at hospital or hospice

Step 2: Tell family and friends

Step 3: Learn about existing funeral plans

 

You should take the first three steps immediately. And within a few days of death, you should make the funeral arrangements. While it may seem strange to think about, but as people get older, they should take a headshot every two-three years for the family to use. Then, within a few days, you should follow this next series of steps:

 

Step 4: Make funeral arrangements

Step 5: Secure the property, including cars, jewelry, guns

Step 6: Care for pets

Step 7: Forward e-mail

Step 8: Notify the employer

 

Within two weeks of death, you should then take the following steps…

 

Step 9: Obtain certified copy of death certificate

Step 10: Find a will and an executor

Step 11: Contact an attorney & contact a CPA

Step 12: Start the probate process

Step 13: Make an inventory of all assets

Step 14: Track down other assets

Step 15: Make a list of bills

Step 16: Cancel services no longer needed, e.g cell phones

Step 17: Hang on to passports

Step 18: Notify social security

Sept 19: Notify banks, financial institutions, credit agencies, etc.

Step 20: Cancel driver’s license

Step 21: Close out credit cards

Step 22: Terminate insurance policies

Step 23: Memorialize social media accounts

Step 24: Update voter registration

 

 

Timestamps:

 

0:00 Struthers family handling the death of a loved one led to this podcast

2:02 Question to ask, as a parent: are you going to make it easy on your loved one?

2:39 Step 1: Obtain legal pronouncement of death from staff at hospital or hospice

2:48 Step 2: Tell family and friends

3:24 Step 3: Learn about existing funeral plans

3:40 Step 4: Make funeral arrangements

5:20 Step 5: Secure the property, including cars, jewelry, guns

5:49 Step 6: Care for pets

6:02 Step 7: Forward e-mail

6:13 Step 8: Notify the employer

6:20 Step 9: Obtain certified copy of death certificate

6:28 Step 10: Find a will and an executor

6:46 Step 11: Contact an attorney & contact a CPA

7:19 Step 12: Start the probate process

7:45 Step 13: Make an inventory of all assets

8:35 Step 14: Track down other assets

8:40 Step 15: Make a list of bills

9:28 Step 16: Cancel services no longer needed, e.g cell phones

9:49 Step 17: Hang on to passports

10:01 Step 18: Notify social security

10:03 Sept 19: Notify banks, financial institutions, credit agencies, etc.

10:19 Step 20: Cancel driver’s license

10:26 Step 21: Close out credit cards

10:29 Step 22: Terminate insurance policies

10:33 Step 23: Memorialize social media accounts

11:18 Step 24: Update voter registration

11:25 Link to emergency binder (coming soon)

Mark Struthers

www.SonaWealthAdvisors.com

Podcast Show Notes written by PalmBeachcomber on Fiverr: https://www.fiverr.com/palmbeachcomber

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Chanhassen, MN 55317 The Architecture of Wealth Podcast is for educational purposes only. Investment Advisory Services are offered through Sona Financial LLC (DBA Sona Wealth and Sona Wealth Management), a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.

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