Dealing with the financial affairs of someone who has died

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This 774 word blog post shares some practical tips for helping loved ones prepare to manage personal finances in the event of death, prompted by Dying Matters Week in May. Written on 13th May 2018.

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Each year in May, Dying Matters and their coalition members host a week designed to raise awareness about the importance of talking about dying, death and bereavement. Dying Matters Week runs from 14th to 20th May this year and is a timely event to get us thinking about dealing with the financial affairs of someone who has died. New research carried out by insurer Royal London has found that one in three of us have dealt with the financial affairs of someone who has died. However, only 23% have their own comprehensive file of financial information, designed to help loved ones administer things in the event of their death. In order to help your loved ones deal with your personal finances after you die, there are some important steps you can take today.