Death is inevitable, it could be a daunting experience that rears its disappointment, especially if not well prepared for the aftermath of it.
The financial constraints and burden as a result of the death of a loved one, especially a breadwinner could strain one's hope in life and even at times escalate into a full-blown pity party.
However, with few plans set aside, one can easily save their loved ones from the constraints that result after death.
So, what can one do to secure their surviving family and help them navigate life after their death?
K24 Digital has summed up a list of some of the lifestyle practices one can do to cushion their surviving families.
Estate planning
Estate planning could be a very aggravating task to undertake, however, with a great guide, you could be able to change the situation of your loved ones once you are gone.
To easily execute, one of the things you can do is subdivide the key aspects depending on what you own in terms of value.
Through the help of an attorney, you could be able to get legal advice on how each asset, inheritance, and estate will be distributed to your beneficiaries.
Also, having a well-detailed will on standby, is important to avoid confrontations between your loved ones when you are gone.
Ensure that you have important documents such as official certificates such as birth, and marriage, readily available, and make copies where necessary.
This will assist in giving the necessary details during important processes that may require your information.
Contact information from an attorney who can step in to foresee the smooth transition of your wealth and custody of valuable items is also a necessity.
Communicate
Ensure you inform your surviving family about plans you had set so as to avoid unnecessary problems and miscommunication among different members.
The plans may include your estate plan, plan to start up a business, or pending businesses, among others.
Inform them about where your important documents such as title deeds, Insurance details etc, and financial accounts (and make them easily accessible).
To make them easy to access, you could list the details with passwords where necessary, on this you could communicate with your bank to assist where necessary.
Organize
Plan ahead on who will take care of your children when you are gone and have a candid discussion on what you would want for them, where their necessary documents or requirements are and all other needed information that could assist in the well-being of your child.
List all the wishes you may want their 'guardian' to fulfill, and where possible indicate and list down together with the financial plans set, this could be life insurance, health insurance, and school fees, among others.
If possible you could get a lawyer who could also foresee that your wishes are fulfilled.
