Managing Finances After Bereavement
Bereavement Support Guides
Financial matters can feel daunting after the loss of a loved one. Taking a structured approach can help reduce stress and avoid missing important responsibilities.
First Steps
Gather information relating to:
- Bank accounts
- Mortgages
- Savings
- Investments
- Insurance policies
- Pensions
Identify Immediate Financial Commitments
Review:
- Household bills
- Loan repayments
- Rent or mortgage payments
- Care fees
Check for Financial Support
Depending on circumstances, support may be available through:
- Bereavement-related benefits
- Insurance payouts
- Pension benefits
Keep Records
Maintain a record of:
- Correspondence
- Account closures
- Financial transactions
- Estate expenses
When to Seek Professional Advice
Professional guidance may help where:
- Large estates are involved
- Probate is required
- Tax matters arise
Most banks will restrict access once notified.
Policies vary.
Not always, but it can be helpful.