The Loss of a Spouse

When the loss of a spouse takes your life off course, Hilliard Lyons can help you keep your finances on track

Creating a new life without your spouse is one of life’s greatest challenges. In addition to the range of emotions you are feeling, you must contend with the minutiae of everyday life, such as paying your bills and your taxes. On a grander scale, the long-range plans you had made – the direction you were heading in life – may have changed. Because of this, it becomes necessary to reassess and recreate your life plan.

A Hilliard Lyons Financial Consultant can help you sort through the complex financial issues you may face and help you re-examine and re-structure your investment strategy to meet your new life circumstances.

With the loss of your spouse you are likely to be confronted with important financial decisions.

There are also important financial decisions to make if you are widowed. For example, you may need to decide whether to take your insurance settlement as a lump sum or convert it into an annuity. You may also have to decide how to treat your spouse’s IRAs – leave the funds in your spouse’s accounts or treat the IRAs as your own.

The assets you receive should be invested to meet your new financial needs. Your portfolio may need to be structured to generate income to pay your bills as well as to last many years and keep up with inflation. A Hilliard Lyons Financial Consultant can help advise and guide you through the complex maze of issues and help you take control of your finances.

He or she can help you determine the value of your assets, create an investment strategy that aligns with your new life circumstance and help you develop a strategy for covering your expenses.