Many couples defer family finances to one of the spouses, and this can leave the surviving spouse ill-prepared to handle things after the death of their partner, according to The New York Times in "Helping Women Over 50 Face Their Financial Fears."
The biggest thing for most surviving spouses is that they need to know how to manage the day-to-day finances and they need to learn how much money there is, what bills need to be paid and how any money should be invested.
Some surviving spouses may also have problems if the deceased spouse owned a business that they do not know how to run.
The best way to deal with these problems is to avoid them if possible. Spouses should plan ahead to make sure that both of them are prepared when one passes away.
A qualified estate planning attorney can help advise on the challenges a surviving spouse faces after the death of their partner.
Reference: New York Times (Sep. 1, 2017) "Helping Women Over 50 Face Their Financial Fears."