When a spouse becomes ill, the well spouse is suddenly faced not only with the emotional toll, but the burden of handling all the financial responsibilities and long-term planning on his or her own. If the ill spouse always handled the financial matters, even paying bills can be overwhelming.
Based on the experiences of many of our clients, it has traditionally been the primary breadwinner who managed family finances. But regardless of who kept the family books, often the other spouse is in the dark on the family’s financial matters and record keeping. Additionally, the well spouse may not know what long-term planning considerations have been made for her or what is even available.