Coping with the financial aftermath of a partner’s death, and then adjusting to financial life as a single person, is something every widow or widower must face – sooner or later.
If, as is often the case, the deceased partner had single-handedly managed all the household finances, it can be utterly overwhelming for the surviving partner to understand everything, let alone make important decisions. If ownership of a business was involved, matters become even more challenging and stressful.
It’s easier said than done but the critical thing is to not feel pressured – even by well-meaning family members or business associates – into making quick financial decisions just to ‘get it done’ and ‘move on’. In the midst of an avalanche of helpful (and not so helpful) suggestions, directives and ideas from family and friends, it’s refreshing and reassuring to get outside help from an experienced professional.
Coping with the loss of a partner is difficult enough. Grief, shock and sadness shouldn’t be made worse by piling financial worries on top. During such a difficult time, it makes sense to let a financial planner ease that burden at least.
We can help: