Death is a difficult and personal topic, and losing your spouse is undoubtedly one of the most challenging times you may face in your lifetime. Our life partners are often our confidants, primary sources of support and the first people we turn to for second opinions. In our day-to-day life, we may not realize how many household tasks and decisions are shared with our spouse until we are forced to tackle them on our own. Whether your partner’s passing was expected or sudden, you may find yourself looking to reshape your life in meaningful ways.   

First, you may find yourself focused on managing the logistical part of your spouse’s estate. Many people find that processing their loved one’s affairs gives them a distinct purpose following a loss. Filing taxes, communicating with financial institutions and contacting insurance agencies begin to consume your time and may distract you from your grief. It is important to remember that eventually these logistical tasks will be complete. Try to remember through this process that you will return to your life as it once was, albeit without the support of your partner by your side. This “new normal” will evolve over time, so it is important to give yourself some time to adjust to your new situation.   

Once the bulk of the estate work is complete and affairs are in order, you may find yourself looking to make changes to your lifestyle, like moving into a new home, taking on a new responsibility or job or pre-arranging your own estate; this can include the temptation to begin dispersing your own estate early. Our advice is to think about these potential changes for at least a year before you make any major decisions. Launching yourself into a new endeavor is tempting because it can offer a new focus, but it may also create unexpected stress and complications. As with all major life choices, it is key to take your time and consider all factors. Time provides a better perspective on situations and can better prepare us for future challenges.  

The loss of a loved one can cause radical shifts in perspective and it can bring up existential questions or thoughts about your own passing. Before making any major decisions about your future, it is important to consult with a trusted adviser who can offer an objective perspective and help guide you towards the best financial decision for your unique circumstances.