Managing Your Finances After the Loss of a Spouse

Managing Your Finances After the Loss of a Spouse
The penalty occurs when a surviving spouse’s tax status reverts from married filing jointly to single. Shutterstock
Tribune News Service
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By Sandra Block From Kiplinger’s Personal Finance

In the hierarchy of stressful life events, losing a spouse ranks as the most traumatic crisis most individuals will ever experience. For that reason, financial advisers often recommend that surviving spouses postpone making major financial decisions until they’ve had time to process the loss.