It’s a topic no one likes to think about. Would you be OK financially if your spouse passed away? Find out how to prepare financially for a worst-case scenario like this and what common mistakes people make.
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On today’s show:
0:55 – A tough situation
2:31 – What can you do to prepare?
3:42 – Why it’s important to meet with both spouses
4:30 – Immediate financial challenges when a spouse dies
7:55 – Wife didn’t know where all the assets were
9:43 – Husband and wife had good plan in place
11:18 – Why planning is key
12:54 – Mailbag: What should a financial advisor help me with?