The loss of a loved one is devastating and can take a toll on a person physically, mentally, and financially—and, these losses often occur to women as they typically live longer than men. The surviving spouse often faces the added burden of developing rapid financial literacy during a period of grief. In order to explore this topic further and address the specific financial needs of women after a loss, Kimberly Short was featured on the Mastering Money podcast by CPA Canada.
In this episode, Kimberly guides listeners through the process of widowhood while providing useful information for women on how to deal with money after the death of a spouse, how get a handle on finances if you have not had that responsibility in the past, how to manage finances moving forward, basics on wills and estates, and where to look for help during this difficult time. While much of what is discussed concerns widows, listening may be beneficial to any and all family members after a loss.
CPA Canada’s commitment to financial literacy for Canadians has long been one that ShortFinancial has been proud to partner in. This episode was recorded on July 21, 2021. Please listen using the link below—and as always, if you have any additional questions, we welcome you to contact us.