Death

It’s part of being a financially prudent woman that you look ahead, anticipate worst-case scenarios and assemble a plan to protect your money. Women can also prepare themselves emotionally for the death of a loved one. The New Savvy presents valuable advice on estate planning, organising a family member’s financial affairs, preparing for incapacity and directive care. We are there with support for the emotional side as well, with experience on dealing with grief, terminal illnesses, speaking with bereaved friends and even writing a eulogy.Three key terms to remember when starting to plan for a loved one’s death – or even your own – are death support, inheritance and estate planning.In the immediate aftermath of a death, there will be a lot to take care of. The task of organising funeral and memorial arrangements for a loved one often falls to women. Relevant government agencies, financial institutions, the tax office and all the deceased’s friends must be notified.If you are an executor of the deceased’s estate, you will be confronted with quite a few legal matters. You will need to speak individually with the grieving beneficiaries. These tasks will sap your time and energy, but they will also keep your most intense feelings of grief and loss at arm’s length.The New Savvy has compiled a series of articles that clearly and concisely outline post-death procedures and suggestions. There are lots of how-to tips on everything from procuring a death certificate to paying for a funeral package. Take to heart our advice for consulting with a grief counsellor and leaning on friends for support during a difficult time.Prepare yourself now to make life as smooth as possible for those left behind. Most women know about wills if they don’t already have one, but do they know about the legal and taxation issues involved with an inheritance? Engaging a trusted financial planner in discussions of “what-if” scenarios is a fruitful exercise, especially if the untimely demise of a young parent might leave their children destitute. If applicable, investment portfolios can be shaped appropriately early on to assure that beneficiaries receive their due without any unpleasant taxation surprises lurking around the corner.Chances are that some women don’t know how to create a legally binding will for themselves. The New Savvy can help launch you in the right direction with content that unmasks the legal jargon you need to know. If you are on the receiving end as a beneficiary of a will or life insurance, this guide will accompany you through the thought process of managing a large sum of money to best serve your interests following the death of a loved one.With the help of The New Savvy, you too can prepare to withstand the trauma of a death as well as possible. With the right foresight in financial estate planning, emotional support and advice on legal issues, any woman can and should be prepared to deal with this monumental milestone.

Have you ever thought about the effects of debt and death to your family? Both of them are dreadful but if you combine them, it could be a lethal combination. According to the data published on the HKEconomy.gov, the household...
Living with chronic illness poses many challenges for the affected individual. Aside from the obvious physical demands of the illness, it also seeks for financial attention. A person with a chronic illness must know the daily financial implications of...
Recently, Channel NewsAsia ran a programme that provided insights into the nursing home in Singapore. They sent one of their reporters to live in the nursing home for 2 weeks, and found that living in a nursing home in...
Your life does not end with your spouse’s death. You have to keep in mind that you have responsibilities that you cannot leave hanging, especially the financial ones. It is okay to grieve – and you should – but...
No one ever wants anything bad to happen to our loved ones, but unfortunately, not everything is within our control and anything can happen.Regardless of how we feel over the passing of someone we hold near and dear, there...
While death is inevitable, it often sneaks up on us without warning. When you are faced with dealing with the aftermath of the death of someone close to you, it can difficult to handle the grief and still juggle...
Nobody wants to think about death; it’s depressing and morbid. But when it sneaks up on you and takes away someone you love, you’re left with emotions and sometimes, you’re not sure how to handle the important things. Here...
While you may have a bucket list of things you want to do before you die, there are some arrangements that you should make for your own death. As morbid and as in the distant future are death may...
A will is something you’ve watched read out in movies over and over again. You know what it is, really.A will is a document that states who you want your assets to go to when you pass away. A...
While you and your family members are alive, it is necessary to put certain things into place to ease the burden left on your family once someone passes. Talking about death is morbid and never easy, but it is...
47,801FansLike
10,988FollowersFollow
2,301FollowersFollow

Recent Posts