Bob and Shawn discuss the often-difficult topic of managing finances after the loss of a spouse, either through death or divorce. With compassion, they explain the necessity of understanding your financial picture, such as incoming and outgoing monthly expenses and overall assets and liabilities. As always, they highlight the importance of working with a fiduciary financial advisor who can provide impartial advice, free from conflicts of interest.
The importance of keeping personal finances confidential to avoid potential exploitation by distant relatives or friends is also mentioned. Throughout the episode, they share relevant biblical scriptures to provide comfort and guidance.