Widowed – A Financial To-Do List

Losing your spouse is the # 1 life changing event in a widows life.  You’re not thinking clearly (even if you think you are) and yet you’re expected to make financial decisions that will impact the rest of your life.

Don’t stand back and let others rush you into “clearing up the paper work”.   Take time to reflect on what you want for your future.

  • Gather up all your legal and financial documents in one place.
  • List outstanding bills – monthly and yearly.
  • If your spouse had been working contact them regarding benefits and last payout.
  • Convert joint accounts into your name only.
  • Apply for government benefits and pensions.
  • Rewrite your will.
  • Put insurance payouts into a money market account until you have time to plan.
  • Hire a financial adviser or seek advise from your local banker.

For more on financial help and advice go to https://sisterhoodofwidows.com/widowed-insurance-and-finance/

  1. Diane
    | Reply

    Book: “I’m Dead, Now What?
    After much thought about what would happen after I passed, I decided to buy this book at Amazon. I live alone (widowed) and have no children. I thought that it would make it easier for my heirs to find all of my personal information and get on with their own lives. It is a very common sense book. (Don”t be scared by the title.)
    No one knows my bank acct#, investments, business affairs, passwords and wishes. (If I told them about it, they wouldn’t want to hear it…you know how that goes.) Please check out this book on Amazon. Keep it in a secure place and also keep your important documents secure. Tell your trusted executors about it’s location. They will love you for it.

Leave a Reply

Your email address will not be published. Required fields are marked *