In many marriages, one spouse manages the finances and the other manages the day-to-day decisions and upkeep of the household. But what if your spouse tragically and suddenly dies? Would you know what to do? Having a checklist of important financial information is a good place to start.
Do you and your spouse have wills? Are they up to date? There are often unintended consequences if you don’t have a will or if your will no longer expresses your wishes. An estate plan should be reviewed every three to five years to ensure that what you want to happen when you die will be achieved. Without a will, state laws (intestate status) can decide what happens to your estate.