For the Recently Widowed, Some Big Financial Pitfalls to Avoid
But to make matters worse, the death of a life partner also unleashes a torrent of financial tasks. And more often than not, it is a woman â€” a widow â€” who is taking them on.
Women live longer than men, and theyâ€™re likely to outlive their male spouses, given that decades ago, many women married men a few years older. Plus, gender roles being what they were, men often took on most of the household finances.
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Source: New York Times
This is a key area I don’t think most couples give much attention to until it is too late.Â I think each couple, in fact, each person should be prepared to pick up the pieces if they lose a partner.Â It is not just prudent planing…it is downright smart.