SPECIALIZED FINANCIAL PLANNING FOR WIDOWS
Guidance After the Loss of a Spouse
Losing a spouse brings profound change. Alongside the emotional weight, there are often complex financial decisions that feel overwhelming, especially when they arrive all at once.
We work with widows who need a steady partner to help navigate this transition with care, patience, and clarity. There is no expectation to rush decisions. Our role is to help create space, understanding, and confidence during a difficult time.
Common Areas of Support
Organizing and understanding financial accounts
Income planning and cash flow stability
Tax considerations following a loss
Investment and risk decisions
Long-term planning at a pace that feels right
You do not need to have all the answers. You need someone who can help slow the world down, explain your options clearly, and guide you forward with compassion and sound judgment.
-
Your first step is simply gathering documents (Wills, Life Insurance policies, Tax Returns) and obtaining multiple copies of the death certificate. Groff Wealth Management helps Maryland widows organize this process so you don't have to do it alone.
-
Survivor benefits, such as FERS survivor annuities or Social Security, often have specific tax implications. While Maryland does not tax Social Security income, federal pensions may be partially taxable. We help surviving spouses model their new tax bracket to ensure they don't face a surprise tax bill the following year.
-
Yes. Your previous estate plan likely listed your spouse as the primary beneficiary and power of attorney. It is critical to update your Will, Trusts, and Beneficiary Designations on investment accounts to reflect your new wishes and ensure your assets pass directly to children or heirs without probate delays.