The Financial Challenges Following The Death of a Spouse

One of the most challenging things anyone can face, both emotionally and financially, is the death of a spouse. Many widows are left without a partner who they’ve relied on for many years, and it’s incredibly difficult to navigate.  

 

While it can be hard to talk about, proper planning in advance can make the transition a little bit easier and take some of that financial stress off your plate. Join Wade as he discusses some of the challenges that may lie ahead financially for someone who just lost their spouse and some strategies to make those a little easier to manage.

This episode is a replay from a couple of years ago but an area of planning that we take very seriously. We help widows all the time so please reach out with any questions.

 

Here’s some of what we discuss in this episode:

• Planning in advance for the financial side of losing a spouse.
• Knowing what income you will need going forward.
• Tax changes for filing as single instead of jointly.
• What you need to know about navigating wills.

 

Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ 

The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.

Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.