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Home » Estate Planning after the Death of Your Spouse

Estate Planning after the Death of Your Spouse

June 14, 2013 by Stephen Unsworth

When a spouse passes away it is an emotional and trying time. You will have a lot of people and tasks on your to-do list that may make your days rather stressful. With the assistance of a good estate planning attorney, you may be able to lighten the load. But, before you get started, acquaint yourself with some of the tasks and people you will deal with during this time.

Your Spouse’s Estate Plan

Most likely your spouse has created an estate plan. If he or she has one, you will have to deal with a few people that have been designated within the plan. The first person you will encounter is your spouse’s executor. This is the person your spouse has elected to manage his or her affairs. In some cases a spouse may be the executor, which means you will be handling the duties associated with this role.

Beneficiaries

Beneficiaries are those who inherit from the estate. If you and your spouse had children, your beneficiaries are likely to be any children you had, grandchildren, etc. Your spouse’s estate plan will be clear on who inherits what and how much. If you’re the executor you’re responsible for following those wishes, but if you’re not, you will have to wait for the executor to carry out these deeds.

Trustee

In the event your spouse has created a trust, you will have to deal with a trustee. Most likely this is you, which means you are responsible for managing and distributing any assets within the trust.

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Stephen Unsworth
Stephen Unsworth
Stephen A. Unsworth is admitted to practice in both Vermont and Maine, and has more than 30 years of experience in estate planning and business law. His mission is to provide quality estate planning services, including assistance with Living Trusts, Wills, Medicaid Planning, Probate, Trust Administration, Powers of Attorney, Special Needs Planning, and Family Limited Partnerships.
Stephen Unsworth
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Filed Under: Estate Planning Tagged With: Estate Planning, estate planning attorney

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