Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Tuesday, February 10, 2015

Planning Tips for Widows

WillThe loss of a spouse creates different considerations for women than men as women are more likely to face financial challenges, according to a recent study. Here are some tips for addressing planning issues with recent widows:

  • Put off major financial decisions for about six months to allow grieving time.
  • Keep financial accounts flexible and easy to access.
  • Keep in mind that other professional services may be needed to be suggested, such as psychological or grief counseling.
  • After immediate needs, such as finding the will, are addressed add retirement planning to the priorities list.

See Kimberly Foss, Work Smarter With Widows, Financial Planning, Jan. 22, 2015.

http://lawprofessors.typepad.com/trusts_estates_prof/2015/02/planning-tips-for-widows.html

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