Life’s Financial Journeys
Taking stock of your financial situation. “Where do I stand financially?”
It is common when a spouse or partner dies to focus on the moment and the past. This is a natural aspect of grieving and is most likely concentrated on the emotional aspects of the loss.
However, it is also important to do the same for the financial aspects of life. Being clear about one’s financial status can set the stage for meeting ongoing expenses while recognizing that grieving can produce hasty decisions with adverse long-term consequences.
The following subtasks may assist you in taking stock of your financial situation. You will find detailed resources for these subtasks under the links in the right column of this page.
Subtask 1: Take time to grieve
Subtask 2: Locate important documents and financial records
Subtask 3: Assess your monetary and investment assets
Subtask 4: Evaluate your life insurance status
Death of a Life Partner Tasks
1. Taking stock of your financial situation
Taking stock of your financial situation Subtasks