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#69 - Navigating Life After Loss – Part 3: Planning Your First Year with Clarity and Care

Tax Planning Women and Money Widows Empowering Women


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The first year after losing a spouse brings overwhelming emotions alongside important decisions. Knowing what needs immediate attention versus what can wait can make the difference between added stress and thoughtful progress.

In Part 3 of our Navigating Life After Loss series, I share how to approach both urgent and long-term planning after the loss of a spouse. I explain which financial and lifestyle choices deserve early focus, how tax planning can protect your future, and why building a supportive foundation is essential. Together, we look at practical ways to move forward with clarity and confidence.

It's the planning that was done before death that impacts those decisions in that first week, in that first month. Then, it's the planning after death that's just as important in that first year.  - Eric Blake

EPISODE SUMMARY 

  • The impact of pre-death planning, wills, estate plans, and beneficiary designations on easing stress after loss
  • The key financial updates in the first year, including executors, trustees, Social Security timing, and income sources
  • How tax filing status changes after a spouse’s passing, and strategies like Roth conversions and capital gains harvesting
  • Rebuilding a financial foundation through account consolidation, investment updates, and income planning
  • The importance of lifestyle and emotional choices, such as housing, community support, and designing the next chapter of life
  • And more!

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