Estate planning: Financial mistakes families make after a loved one’s death — and how to avoid them
Last Update Date: 05-10-2026
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar said families should start with the death certificate and an audit of assets and liabilities, inform insurers within the claim window, check for a will, and review spending and reinvest claim proceeds to bridge lost income.
More of Abhishek's views on money management
Mint offers a checklist for handling finances after a family member dies. It covers getting the death certificate, listing assets and liabilities, transferring assets and settling dues, informing insurers quickly, the role of a valid will, and re-planning household finances after losing an earning member.
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Estate planning: Financial mistakes families make after a loved one’s death — and how to avoid them