More than 800,000 Americans lose their spouses each year, and 700,000 of them are women, according to the U.S. Census Bureau. Because women generally outlive men, they spend an average of 14 years without a spouse. There are now more than 14 million widows and widowers, accounting for about one-quarter of those over 65. And yet, it’s the topic most clients avoid simply because, “we don’t want to think about it.” Twenty-five percent of the population has found themselves in a difficult situation. If you haven’t started the planning process for your personal finances and estate, listen to this episode and Dennis Prout and Shea Petaja can get you started.
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