The loss of a significant other — whether through divorce or death — will impact your life immensely. No one can ever be fully prepared to deal with the feelings of grief, anger, and sadness that follow - and few are prepared to face life alone once again. If you have children, the situation can be more complicated and you must consider their prospect of being brought up in a single parent household.
The realization of being suddenly single can be emotionally draining. The last thing you may want to do is think about your finances, but it's an important issue that you should not overlook. In cases of divorce, money often becomes a point of contention between you and your spouse, and your own personal financial situation can be thrown into disarray.
Losing a loved one is one of the hardest things you can face, and most survivors tend to postpone important decisions that can affect themselves and their family. The added pressure of making financial and legal decisions at this time can be overwhelming but, with preparation, it doesn't have to be. New York Life offers insurance and financal products that can help you secure your family's future. Refer to our Death in the Family section for what to do and who to contact to make the necessary arrangements. New York Life has also provided the following articles that may help you with concerns you may face after your divorce or loss of your spouse:
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