For the Recently Widowed, Some Big Financial Pitfalls to Avoid
There are few more wrenching events in life than losing your spouse.
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 — a widow — who is taking them on.
Women live longer than men, and they’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
My Comments:
This is a key area I don’t think most couples give much attention to until it is too late. I think each couple, in fact, each person should be prepared to pick up the pieces if they lose a partner. It is not just prudent planing…it is downright smart.
