By Tim Kowols
The conversation you may not want to have with your spouse may be the one you should have when it comes to your financial wellness. According to Forbes magazine, 69 percent of widows said becoming the sole financial decision maker was one of the top challenges they would face if their spouse dies unexpectedly. Some of that could be explained by the fact that only 14 percent of widows were making financial decisions by themselves before their spouse died according to the same survey. Gay Pustaver from Money Management Counselors in Sturgeon Bay says it is a tough conversation to have, but it is even rougher when the loved one is no longer around.
Pustaver also recommends people leave a list of due dates, passwords, and other important information for surviving members to make sure there are no financial or legal consequences that may occur after they die. You can listen to the entire Money Management Monday interview with Gay Pustaver online with this story.