New York Times: For the Recently Widowed, Some Big Financial Pitfalls to Avoid
September 2, 2011Jennifer Murray was quoted in The New York Times on some financial pitfalls to avoid for those who have recently lost a spouse.
“Jennifer M. Murray, who is also both a widow and financial planner, has a rule for her own widowed clients, who make up 50 percent of her practice: no irreversible decisions soon after the death of a spouse.”
… “Even if the mortgage and real estate taxes seem manageable, there is the lawn, snow removal and the endless repairs that go along with homeownership. ‘All of these are expenses that most women don’t seem to anticipate until they happen,’ Ms. Murray said.”
“When her husband died in 2004, she was 43 years old and decided to stay put with her two children in Chatham, N.J. The house isn’t big, and neither is the mortgage; her son handles snow and the lawn.” Continue reading.
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