Assess your monetary and investment assets


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Knowing what assets will be available to you is the first step to take when mapping out your financial future.

Determine the bank accounts and other investments that were in your partner’s name or owned jointly with you. These can include owned retirement accounts such as a 401(k) or IRA. These assets can be a source of immediate cash or an important source of income in future years.

The following resources may assist you in assessing your monetary and investment assets:

Money Tips for Widows and Widowers

Assets for Your Balance Sheet

Assets, Liabilities, and Equity

Understanding Your Balance Sheet

Creating a Personal Balance Sheet


Death of a Life Partner Tasks

1. Taking stock of your financial situation
2. Identifying your sources of income
3. Revising your spending plan
4. Revising your estate plan and advance directives
5. Examining Medicare, Medicaid, and long-term care issues

Taking stock of your financial situation Subtasks

1. Take time to grieve
2. Locate important documents and financial records
3. Assess your monetary and investment assets
4. Evaluate your life insurance status

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