How to Be Prepared Financially in Case of a Tragic Loss
I have a sweet friend who lost her husband very unexpectedly. In the midst of the shock and grief, figuring out their personal finances caused tremendous stress because she had no idea where their financial records were kept. Her sons spent days digging through paperwork and unlocking her husband’s computer to find his will, trust, life insurance and retirement policies, and bank account records. Her husband also handled all the finances for his 83-year-old mother, making the task doubly stressful and concerning. I have girlfriends, also, who haven’t a clue as to what retirement accounts their husbands have invested in, how much life insurance they have, or even the balance in their bank accounts. I’m guilty as well! I pay some of […]
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