Death of a Life Partner


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


The death of a life partner brings with it the terrible pain of loss coupled with the need to move forward with one’s life. The personal and social adjustments may be the most painful and difficult in the short term.

However, it is the financial adjustments that can have the largest long-term impacts. These financial issues should be addressed as soon as a surviving partner is able.

A number of tasks can help you go through the transition from living with your spouse or life partner to living on your own. These include:

  1. Taking stock of your financial situation. “Where do I stand financially?”
  2. Identifying your sources of income. “What income will I have to pay my living expenses?”
  3. Revising your spending plan. “How do I meet my expenses now?”
  4. Revising your estate plan and advance directives. “What changes do I need to make to my will and other documents?”
  5. Examining Medicare, Medicaid, and long-term care issues. “What options do I have for managing my health care?”

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

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