Savant Wealth Management

Financial Planning for Widows and Widowers

Helping You Move Forward When Your Spouse Dies

Experiencing the heartbreaking loss of your spouse can leave you facing a multitude of challenges. Alongside the emotional burden, you may also have financial issues to address, such as medical bills, funeral costs, and interactions with insurance companies. Your future may feel uncertain, and you may be worried about managing your finances alone.

At Savant, we understand how to provide financial advice for widows and widowers during one of the most difficult times they’ll ever face. Our financial advisors are here to lend an empathetic ear as you share your situation, concerns, and aspirations for the future. Our goal is to offer comprehensive financial planning for widows that helps them lay the groundwork for a secure and stable new life.

widow and widower, loss of spouse
protect finances after sudden widowhood

How Savant can help:

  • Organize and prioritize financial tasks: We help you understand what needs attention right away, such as updating beneficiaries, locating key documents, and managing immediate cash flow needs.
  • Coordinate with your legal and tax advisors: Our advisors work closely with your attorney and CPA to address estate settlement details, tax filings, and asset retitling to help ensure key details are addressed.
  • Evaluate and help rebuild your financial plan: We assess your current income sources, insurance benefits, and investments to create a plan that reflects your new goals and responsibilities.
  • Social Security and pension guidance: We help you understand survivor benefits and pension options, helping you make informed to support your long-term financial security.
Client filling out Savant’s financial checklist for widows and widowers.

A Financial Guidebook for Widows and Widowers

After losing your life partner, the idea of making important financial decisions can be overwhelming. We’ve put together a detailed guide to help make the process easier as you begin to rebuild your life. Remember, our team of financial professionals is here for you, ready to provide guidance on everything from Social Security benefit decisions to revising your estate plan. The first step is getting organized.

Get the Guidebook

Financial Planning After the Loss of a Spouse FAQs

What is the first step after the loss of a spouse?

Immediate steps often include gathering financial documents, understanding account ownership, and reviewing estate plans. Savant helps structure these actions to provide clarity and organize priorities.

How can I manage estate taxes and inheritance planning?

We help evaluate your tax situation and provide strategies for managing assets, trusts, and income to align with your long-term financial goals.

What should I look for in a financial advisor after losing my spouse?

Consider a fiduciary advisor who’s legally required to put your best interests first and doesn’t earn commissions from selling financial products. A fiduciary who offers comprehensive financial planning can coordinate with your attorney, accountant, and estate professionals to help you make thoughtful, informed decisions during a difficult time.

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