Palmer Rodak & Associates
Palmer Rodak & Associates
Certified Family Law Specialists State Bar of California Board of Legal SpecializationServing your Community for 19 Years
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Plan ahead for your single financial life

If you and your spouse in California have developed a trust or a will, you likely feel comfortable that you have taken care of your estate planning needs. While certainly developing these documents and outlining your wishes in them is a big step, it is not the only thing you should do in order to truly prepare you to take over your financial life after your spouse dies. Given that in most marriages, one person outlives the other, being prepared is critical especially if the person who dies first is the one that manages the money.

As explained by Next Avenue, one thing that many people might not even consider is ensuring they have access to all online accounts. You and your spouse should have a place where you record all user names and passwords so that you will be able to get into every account needed without issue. This will help you be able to pay any debts, access assets and more.

Another helpful tip is to ensure that you have key accounts in both names. This even includes utilities for your home so that you can manage the accounts on your own. Ultimately you will have a bank account in your name only but for one or even two years it is wise to maintain a joint account so you can easily address any bill or income that comes your way.

If you would like to learn more about how to prepare yourself to be financially protected after the death of your spouse, please feel free to visit the future widow's or widower's page of our California estate planning website.

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Palmer Rodak & Associates
Certified Family Law Specialists State Bar of California Board of Legal Specialization

Del Mar Office
445 Marine View Ave Ste 300
Del Mar, CA 92014

Phone: 858-356-4568
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301 Mission Avenue Suite 205
Oceanside, CA 92054

Phone: 760-712-3889
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