Dealing with personal finances is difficult following the death of a spouse. Although the surviving spouse needs time to adjust and grieve, important financral decisions often must be made-or in some cases, not made soon after death. Here are Some questions commonly asked by surviving spouses.

What do I do first? Making funeral arrangements and taking care of any organ donations are priority. Get 10 to 15 copies of the death certificate from the funeral director. You'll need them to claim life insurance, Social Security benefits, employment benefits, investment accounts and so on. Also notify any financial advisors you have.

The other major thing to be done, as difficult as it may be, is to sort through your important financial documents your spouse's will, irsurance policies, household bank statements, investment accounts, trusts, deeds, debts, bills, employee benefits, checkbooks, safe deposit box and so on Look for cash resources, such as money market and raving accounts. You'll probably need cash to take care of funeral expenses, estate settlement, and ongoing living expenses. Sufficient cash reserves also can help you delay some financial decisions until you are ready to address them.

What do I do about the insurance? Send in a death certificate copy and the benefits claim as soon as possible. The claims process should take no more than two weeks, but can take several. While it's best not to make major financial decisions soon after the death of a spouse, you may need to decide fairly soon how you want to receive the insurance benefits. Payout choices might include a lump sum, interest payments or an annuity, and some of these choices are irrevocable. You could delay your decision for a while if you don't need the money immediately, or collect interest for now and the principal later. If you take the money in a lump sum, put it into a short-term, interest- investment such as Treasury bills or a money market. Nothing risky at this stage.

What about my spouse's employee benefits or pension? Lean what benefits you ate entitled to, such as medical coverage. Contact the retirement plan administrator to learn your survivorship benefit options. Pay attention to deadlines. You may need to make decisions regarding pension benefits fairly soon But don't rush decisions sooner than necessary.

What about my spouse's estate? Determine if probate is required. Even simple probate can take six months. Many assets pass outside of probate, such as life insurance proceeds, pensions, trust assets and jointly owned property. Property passes to the spouse free of federal estate tax. However, this can cause tax problems later when you die. If a good estate plan is already in place, fine. If not, you may still have some option left, such as disclaiming property. This essentially means you refuse to accept it so that it passes to someone else, such as your children. You must disclaim property within nine months and before you take possession of it. You'll also likely need to retitle assets, charge beneficiary designations and perhaps trustees Review your own estate plan.

Should I change my investments? Not right away, unless you have reason to believe investment money is tied up me something excessively risky. In time, however, you will want to reexamine your investments. Your needs as a single person will have charged and some of the investments no longer be appropriate. You may need more income, for example, or feel uncomfortable about the portfolio's rusk.

What about my house? It's generally best nor to make major charges for a while.

What other financial steps should I take? Establish or revise a household budget. Household income and expenses usually change with a spouse's death, with it comes often declining. A budget should be done in the context of charges you may want take to your overall life goals. Another step is to consider putting your credit cards in your own name to establish your own credit.

What about professional advice? You may need an attorney to handle estate issues, and a financial planner to advise on important financial decisions, such as how to handle pension benefit options. Whoever you work with should be competent, trustworthy and sensitive to your personal needs at this difficult time.

December-30- 1999