Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 33 years.

The loss of a spouse creates different considerations for women than men as women are more likely to face financial challenges, according to a recent study. Here are some tips for addressing planning issues with recent widows.

Although both widows and widowers face estate planning challenges after a spouse passes away, studies show that single women are more likely to have financial difficulties than single men. This means that a widow’s estate plan generally needs to be more flexible than a man’s just in case the widow does experience financial issues in the future.

While estate planning for widows is often difficult, it is not impossible.

Recently, the Wills, Trusts & Estates Prof Blog published a list of planning tips for widows in an article titled “Planning Tips For Widows.”

The list includes:

  • Wait at least six months after a widow’s spouse passes away to allow proper time for mourning.
  • Financial accounts should be easy to access and flexible.
  • Immediate needs should be addressed before any financial or estate planning.
  • Do not be afraid to seek professional services such as counseling if needed.

If any widows need help reevaluating their estate plans, they should seek the counsel of an experienced attorney.

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