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Tips for settling a loved one’s financial affairs

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Dealing with your grief when a loved one dies is hard enough. But often you may find yourself in a situation where you have to deal with financial and investment matters as well.

The feelings of uncertainty about what to do next and who to consult can be overwhelming. The following suggestions may help guide you through the process.

• Gathering the pieces — The first time you’re involved in settling a loved one’s financial affairs, the many details you must address may seem bewildering and time-consuming.
As a first step, you may wish to consult your attorney regarding important deadlines and procedures; in some cases, an attorney’s assistance is required. Regardless, there are certain administrative tasks you should complete before too much time lapses.

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