Apart from grief, the death of a loved one can also have a serious financial impact on you. Other than the expenses on funeral preparations, you may also have to spend on medications or therapy. In addition, people in grief often end up making bad financial decisions.
To avoid these problems, here a few steps you should consider:
- Ask a close friend or relative to manage your money or keep track of your paperwork.
- Contact the insurer, bank and investment providers of the deceased.
- Seek advice from the Customer Credit Counselling Service.
- Get a prescription free-payment certificate if you need a long-term course of antidepressants.
- Consider counselling or specialist therapy to help you recover.
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