Coping with Finances While Coping with Grief
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In last week’s article about grief, I suggested that all of our personal losses, such as the death of a loved one, have financial aspects. These range from a severe reduction in family income because of a divorce or the death of a wage earner, to the complexities around an inheritance or other financial gain, to the need for someone who has never dealt with family finances to take over managing the money.
Whatever the circumstances may be, a common denominator is that survivors are faced with making money decisions and dealing with finances while they are grieving. Over the years, I’ve supported many clients through times of loss and transition such as divorces, deaths of parents or spouses, business failures, and natural disasters. Following are some of the things I’ve learned: