Financial Planning for Widows

You're grieving and
there's paperwork.

Here's what actually needs to happen—and when.

Losing a spouse is devastating. And somewhere in the middle of that grief, you're expected to make financial decisions—some urgent, some that can wait, and many you've never had to think about before.

This page won't tell you everything. But it will help you understand what's ahead, what actually needs your attention now, and where you might want support.

A note before we start:

There's no right way to do this, and no timeline for grief. If you're not ready to deal with finances yet, that's okay. Most things can wait a few weeks. Be gentle with yourself.

A rough timeline

Not everything is urgent. Here's a general sense of what needs to happen when—though your situation may vary.

First 30 days

Time-sensitive
  • Obtain multiple copies of the death certificate (you'll need more than you think)
  • Notify Social Security, pension providers, and employers
  • Locate the will, trust documents, and insurance policies
  • Contact life insurance companies to begin claims
  • Secure access to bank accounts and safe deposit boxes

1–3 months

  • Meet with an estate attorney if there's a will to probate
  • Review all insurance policies (life, health, auto, home)
  • Update beneficiaries on your own accounts
  • Understand your new income situation (Social Security survivor benefits, pensions)
  • Begin gathering documents for tax filing

3–12 months

  • File final tax returns (individual and estate, if applicable)
  • Review investment accounts and asset allocation
  • Create a new household budget based on your actual income
  • Update estate planning documents (your own will, powers of attorney)
  • Consider whether your current home and expenses still make sense

The five areas you'll need to understand

Each of these has its own complexity. You don't need to master all of them—but it helps to know what you're dealing with.

Estate & legal icon

Estate & legal

Probate, title transfers, beneficiary designations. What needs to go through the courts and what doesn't. How assets pass to you—and eventually to your heirs.

Income & benefits icon

Income & benefits

Social Security survivor benefits, pension options, life insurance proceeds. Understanding what you're entitled to and when to claim it.

Taxes icon

Taxes

Filing status changes, inherited assets and step-up in basis, required distributions from retirement accounts. The year of death and the year after often have unique considerations.

Insurance icon

Insurance

Health coverage if you were on your spouse's plan. Whether you still need life insurance. Auto and home policies that may need updating.

Investments icon

Investments

Consolidating accounts, rebalancing for your situation, understanding what you actually own. Creating income from assets if needed.

The hardest part isn't any single decision.

It's that everything is connected.

When you take Social Security affects your taxes. How you title inherited assets affects your estate plan. Whether you keep the house affects your cash flow, which affects how you invest. The decisions ripple.

And you're being asked to make these decisions during the hardest time of your life, possibly about topics you've never had to think about before.

This is where a good financial advisor isn't a luxury - they can provide relief. Someone who sees the whole picture, coordinates the pieces, and helps you make decisions without the pressure of having to become an expert yourself.

What to look for in an advisor during this transition

Experience with widows and surviving spouses

This is a specialty. The financial, emotional, and practical dimensions are different from typical retirement planning. Ask if they've worked with clients in your situation.

A fiduciary standard

This means they're legally required to act in your best interest. Important when you're vulnerable and learning as you go.

Patience, not pressure

You need someone who can slow down, explain things clearly, and give you space to process. Not someone pushing products or quick decisions.

Holistic perspective

Look for someone who can coordinate across estate, tax, investments, and insurance—not just manage a portfolio.

You don't have to figure
this out alone.

AdvisorFinder helps you find financial advisors based on your unique situation. You can search for advisors who specialize in working with widows and surviving spouses. See their background, approach, and fees before you ever reach out.

No one contacts you unless you want them to. Take your time.

Find a financial advisor who can help

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