Albuquerque Journal (Albuquerque, NM)

Surviving Spouse.

Byline: YOUR MONEY By Lee Matthew *Illustration by Carol Cooperrider

Take steps now to prepare for financial security

No one wants to face the possible death of a spouse or partner. It is emotionally devastating, and money is the last thing we want to think about at such a time.

However, you and your family's financial survival could depend on thinking things through and taking appropriate steps now, before one of you dies. And, in the event you do become widowed, how you handle your financial situation could affect your financial well-being for years to come.

The first part of this two-part series the second installment will appear in the December issue of SAGE focuses on preparing for the unthinkable.

This month we'll look at what you can put in place today to reduce the chances of financial crisis adding to the emotional devastation of a death. Next month we'll look at what you need to do after the death of your spouse or partner.

1. PLAN YOUR INSURANCE

Do you both have enough life insurance? …

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