Bank Accounts After a Spouse Dies

When a spouse passes away, it's crucial to ensure that your bank accounts are structured properly to avoid financial stress to your heirs. Consider setting up your accounts as Payable on Death (POD) or Transfer on Death (TOD) accounts. This allows you to designate a beneficiary who can access the funds immediately, bypassing the probate process. Review your account ownership and beneficiary designations to ensure your loved ones have the support they need during a difficult time.