The loss of a spouse is one of life’s most profound challenges, regardless of an individual’s age. However, the loss is especially painful for elderly individuals who often face this transition with a mix of grief and uncertainty.
When your surviving parent is navigating this difficult time, they may need help managing emotional and practical matters. As a loved one, you can provide emotional support and assist with settling their affairs.
Organizing financial and legal matters
Since your parent will be grieving their lost life partner, it will be difficult for them to think about their estate plan. You can take this burden off their plate by locating the deceased’s will and working with a legal assistant to execute it.
You should also remember to notify banks and financial institutions of the death of your parent’s spouse. You can then work with your parent to:
- Close joint accounts
- Update beneficiary information
- Address outstanding debts
This is also the time to help your parent contact life insurance companies to process claims. If applicable, update health or car insurance policies to reflect the new situation. Also, remember to contact Social Security to stop payments for the deceased and inquire about survivor benefits for your parent. Lastly, assist with transferring ownership of:
- Property
- Vehicles
- Other assets to your parent’s name
This is also the right time to determine if your parent’s current living situation is sustainable or if adjustments are needed to improve their quality of life.
Helping your elderly parent settle their affairs after losing a spouse is a delicate process that requires empathy, legal guidance and organization. By supporting them through practical and legal challenges, you can ease their burden and help them navigate this new chapter of life with dignity.