The last of our life stages deals with the financial implications of the loss of a partner. Very often, this event is the catalyst for beginning inheritance tax planning in earnest, but also, if the partner who has died had control of the finances, it can mark the beginning of a steep learning curve for the one left behind.

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Losing A Partner

Today we need to talk about the implications of the death of a partner. In the natural order of things, this should come late in life, but it’s a sad fact of life that this isn’t always the case. Losing your life partner is obviously a deeply traumatic event, but it can be worsened by financial worries, particularly if, until that point, you haven’t been the one with day-to-day control over the family finances.

So I want to look at the implications of this event, and as always, look at what you need to KNOW, followed by what you need to DO.

MeaningfulMoney Book

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Resources mentioned in this episode

Website: Money Advice Service, Dealing with finances after bereavement

Website: Gov.uk Widow's benefits

Website: Society of Later Life Advisers

Podcast: Dealing with Financial Paperwork

Podcast: Wills & Powers of Attorney

Podcast: Equity Release Explained

Plus, as always, a full transcript (kinda) is yours at the link below

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