Originally posted by Severny Izgoy:

There will be a tombstone placed at the place where you died, from which you can recover your items. It will be marked on your map, but only one at a time. So if you die before you recover the first tombstone, its mark will be gone.

To add to that, you're able to set markers at the map, so when you have to run to your tombstone without having any equipment, place a marker, to make sure you still know the location in case you die again.

Thorin :)