Death of a Spouse / Partner
The death of a spouse or unmarried partner can have extreme financial complications. Some of the key issues include:
Income and expenditure circumstances will change
Disposal of assets – may have been the subject of a will. The ownership of the home is a particularly large concern
The most urgent issue will be whether the survivor and any other dependants have enough to live on and meet all commitments after taking into account the deceased’s liabilities.
The provision of the survivors will may have to be changed.
Financial Planning Areas
- Assisting with new personal circumstances
- Helping with future budgeting
- Advice on investing extra funds