Dealing with death? There’s an app for that

Before the pandemic, entrepreneurs Liz Eddy and Alyssa Ruderman had trouble getting venture capitalists to invest in their end-of-life planning app Lantern. Potential business partners were skeptical as well.

“We would hear, ‘Oh, this is really a niche issue,’ which I think is pretty hilarious,” Eddy says. “Death is quite literally the only thing on the planet that affects every single person.”

The past two years have highlighted the importance of such preparation, even for younger people. Abigail Henson, a 31-year-old college professor in Phoenix, says she started using Lantern about 18 months ago to plan her funeral, tell her executor where to find her passwords and explain what she wanted to be done with her social media accounts.

“I’m a planner, and I have control issues, so the idea of being able to have a say in what happens following my passing was appealing,” Henson says.

Planning for death and navigating life after a loss can be difficult, complex and sometimes expensive. In my latest for the Associated Press, a look at several apps that promise to help.

Thursday’s need-to-know money news

Today’s top story: How to build your ‘Oh, Crap!’ fund. Also in the news: A strategy that could help new grads retire sooner, United Airlines sets a new pet transport policy, and what happens to your debts when you die.

How to Build Your ‘Oh, Crap!’ Fund
Don’t get caught empty-handed.

New Grads, This Strategy Could Mean Retiring Sooner
Doesn’t that sound nice?

United Airlines Sets New Pet Transport Policy
The policy will ban dozens of dog breeds from being transported in cargo.

What Happens to Your Debts When You Die
They don’t disappear.

When Social Security Turns You Into a Zombie

If the Social Security Administration thinks you’re dead, you might wish you were.

People who accidentally wind up on the agency’s Death Master File have seen their bank accounts frozen, credit cards closed, health insurance cut off and benefit payments canceled or even pulled back from checking accounts.

One California man told me his 97-year-old mother nearly had her utilities shut off after her bank froze her account and all her checks bounced, including a birthday gift to a grandchild. A retired professor in Massachusetts wasn’t allowed to get his prescriptions filled and found that all his medical appointments had been canceled, according to a recent article in the New England Journal of Medicine. A woman in New Hampshire told CNNMoney couldn’t get her driver’s license renewed for months.

In my latest for the Associated Press, what to do when Social Security thinks you’re dead.