Ep 48: Financial Planning Following the Loss of a Spouse

What happens to your financial plan once one spouse passes away? Is your plan organized and prepared or will the surviving spouse be left with a mess? Let’s talk about all the financial decisions you’ll be faced with during this difficult life event.

 

Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-48-financial-planning-following-the-loss-of-a-spouse/ 

 

Watch the video podcast: https://youtu.be/qKlXF5Zd7gc 

 

On today's show: 

0:40 - Losing a loved one is inevitable.

2:09 - What’s the biggest immediate concern financially?   

3:34 - What challenges are the remaining spouse left to deal with?

5:44 - Did you realize the tax bracket may change?

7:53 - Are all of the beneficiaries and estate documents in place?

8:53 - Does your financial plan include a list of what to expect later on?

11:40 - Are your children privy to some of your financial information?

14:13 - Mailbag: Is it typical to work with a financial advisor who doesn’t talk about Social Security or life insurance?