Page 90 - South Mississippi Living - September, 2025

story by Cherie Ward
When a spouse dies suddenly, grief isn’t the only thing left behind. In far too many cases, the surviving partner—often the wife—is also left with a mountain of financial confusion and legal red tape. No will. No passwords. No clue what bills are on autopay, or which ones are overdue.
And while it may be comforting to believe there’s plenty of time to sort those things out someday, the truth is simple— someday doesn’t always come.
It’s a wake-up call that no one wants and a story that plays
out more often than we talk about—one partner handles all
the money, and the other stays “in the loop” just enough to feel comfortable. Until, suddenly, they’re not. Without a will or a documented plan, even the most straightforward estates can fall into chaos.
Bank accounts may be frozen. Insurance policies may be unknown. Properties may get tied up in probate. In short, grief turns into a full-time job—with paperwork as your boss and no handbook to help you through it.
Statistically, women outlive men. That means even in the healthiest relationships, there’s a strong chance one partner will be left to pick up the pieces. But when women aren’t active participants in financial planning, they risk being shut out of their futures.
What to Do Now, Not Later
Here are five essential steps every couple should take now:
1. Create a Will
A simple will can prevent legal chaos and make sure your assets go where you intend—not where the state decides.
2. Build a “When I’m Gone” Folder
Include account info, insurance, passwords, mortgage docs, and titles. Keep it secure—and make sure someone knows where to find it.
3. Check Beneficiaries and Titles
Outdated forms can override a will. Review all accounts, deeds, and policies to ensure they reflect your current wishes.
4. Have the Hard Talk
Sit down and go over finances—bills, passwords, accounts. If one of you handles it all, it’s time to share the playbook.
5. Assign Power of Attorney
If something happens, your loved ones shouldn’t have to go to court just to help you. Name someone now, while you can.
Preparation is a gift, and the hardest day of your life shouldn’t be made harder by what you didn’t know.
90 | September 2025
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