Waiting To Make Big Decisions as A Widow
Losing a spouse is a difficult and emotional experience, and it can be tempting to make big decisions in the aftermath of this loss in an attempt to find some sense of control or closure. However, it's important to take the time to process your emotions and gather information before making any major decisions as a widow. Here are a few reasons why it's a good idea to wait before making any big decisions:
1. Grieving takes time: Losing a spouse is a major life event, and it's normal to experience a range of emotions, including sadness, anger, and confusion. It's important to allow yourself time to grieve and process these emotions before making any major decisions.
2. You may not have all the information you need: After the loss of a spouse, you may be facing a new financial landscape and may not have a full understanding of your financial situation. It's a good idea to take the time to gather information about your assets, debts, and financial obligations before making any big decisions.
3. You may not be thinking clearly: The emotional impact of losing a spouse can make it difficult to think clearly and make sound decisions. It's a good idea to give yourself time to adjust to your new situation before making any major decisions that could have long-term consequences.
4. You may regret rash decisions: It's natural to want to make changes after the loss of a spouse, but it's important to consider the long-term consequences of these decisions. If you make rash decisions while you are still grieving, you may later regret them.
5. You have time to make decisions: Unless there is an urgent need, you generally have time to make decisions after the loss of a spouse. It's a good idea to use this time to gather information, seek the advice of trusted friends and family members, and seek professional guidance from a financial advisor or attorney.
In conclusion, it's a good idea to take the time to process your emotions and gather information before making any big decisions as a widow. By waiting to make decisions, you can help ensure that you are thinking clearly and considering all of your options before making any major changes.
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Jeremy Raffer, MBA
Director, Partner & Wealth Manager
m. 201-773-4641
e. jeremy.raffer@stewardpartners.com
Steward Partners Global Advisory, LLC
Country Club Plaza
115 W. Century Rd, Suite 145
Paramus, NJ 07652
The views expressed herein are those of the author and do not necessarily reflect the views of Steward Partners or its affiliates. All opinions are subject to change without notice. Neither the information provided nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Past performance is no guarantee of future results.
Steward Partners Investment Solutions, LLC (“Steward Partners”), its affiliates and Steward Partners Wealth Managers do not provide tax or legal advice. You should consult with your tax advisor for matters involving taxation and tax planning and your attorney for matters involving trust and estate planning and other legal matters.
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