There are many important financial decisions that need to be made when a person loses a spouse. This can be a time of extreme vulnerability for widow and widowers so it is imperative to have access to good resources and trusted counsel. Whether it is managing household bills and expenses or dealing with life insurance and financial investments, expert advice is a necessity.
Video provided by Prosperwell Financial.
• The Liz Logelin Foundation
They are giving hope to widows and widowers with young families. The Liz Logelin Foundation was established to provide financial assistance to young widows and widowers with dependent children. Grants are available for the first 12 months following the death of the spouse. See the applicants page on their website.
The Better Business Bureau
The BBB provides information on over 2.5 million organizations. Check them out before you invest or give.
You may file a complaint if you think you have been treated unfairly. The BBB will contact the organization to help resolve issues. There are consumer tips on credit and tips for troubled homeowners.
• Social Security
On this web site you will find disability and death benefits. This is an important resource for widows and dependent children.
How Social Security Can Help You When A Family Member Dies. Click Here
Social Security Survivors Benefits. Click Here
How do I apply for Benefits? Click Here
Qualify and Apply. Click here
• Annual Credit Report
You will want to be aware of your individual credit scores. This impacts your costs of financing purchases ranging from cars to homes. You can order a copy of your report by calling the three main national credit reporting agencies: Equifax (800-685-1111) Experian (888-397-3742), or Trans Union (800-916-8800). Correcting errors requires patience and perseverance, however, this is important.