From grief to wealth strength

COPING: TEN ESSENTIAL STEPS FOR RECENT WIDOWS

- Hardi Swart

When I was 16, my father passed away unexpectedly, leaving my mother and our family in a financial whirlwind.

My mother, who had never handled the family's finances, was suddenly faced with making difficult decisions under immense pressure.

Without proper guidance, we made poor decisions, including investing a significant portion of our family's funds in dodgy property syndications that eventually folded. As a result, we lost over 70% of our wealth.

This painful experience shaped my life's mission to help others—especially widows—navigate the financial complexities that arise after a loss, so they don't face the same fate.

Navigating a new reality

The immediate aftermath of losing a spouse can be overwhelming. Aside from the profound emotional trauma, widows must suddenly contend with a new financial reality.

This is where financial planning plays a crucial role. Here are 10 essential steps to help you get started:

1. Take time to grieve before making major decisions