Life Unlimited

Life Unlimited

Navigating Loss: 4 Essential Steps to Take as the Surviving Spouse (Ep. 132)

July 12, 2023

Unfortunately, none of us truly anticipates the possibility of being thrust into the realm of widowhood. Join host Larry Heller, CFP®, CDFA® as he guides widows and widowers through the essential steps you should be taking as the surviving spouse. 

In this episode of Life Unlimited, Larry discusses crucial steps to effectively manage your inherited assets. From reviewing the step-up basis for calculating capital gains tax to updating custodian accounts, he provides valuable insights to empower widows and widowers during this challenging time. Larry also delves into the topic of Required Minimum Distributions (RMD) and recognizing the importance of notifying the Social Security Administration. Don’t miss this episode as Larry equips widows and widowers with expert advice on navigating estate taxes and managing inherited assets with confidence.

Larry discusses: 

  • How to go about setting up a plan for your inherited assets and what a step-up in basis is
  • Planning processes to implement based on your retirement plan
  • Reminders about RMDs and things to consider 
  • What to know about social security measures when becoming a new widow
  • And more

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