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The Parable of Two Sons

Once there were two elderly, affluent widows whose oldest sons served as executors of their fathers’ wills and as trustees responsible for managing their mothers’ finances. Each son was the mature, responsible, oldest child in his family. Both women lived for decades after their husbands’ deaths. One widow complained, “I…

 

From Smiling Spouse to CEO

On April 9, 2009, I was transformed in an instant from smiling spouse and gracious hostess to executor, trustee, CEO and client. I am not sure that anyone had confidence in me. I certainly had none in myself. Through the years, Lev repeatedly told me that I did not need…

 

David Rockefeller: A Worthy Role Model

Lev died April 7, 2009—eight years ago tomorrow. There I was, unprepared for all that I must do, immediately confronted with practical and legal realities. Overnight, I moved from the role of smiling spouse and gracious hostess to that of executor, trustee, CEO and—most dreaded of all—matriarch. I am not…

 

How Much Is Safe to Spend?

The question raised in the headline nags at me. Should you save enough to live to 100? The subhead promises that “here are ways to insulate yourself against outliving your money”—everyone’s fear—but the recommendations are almost opposite those I received from my husband’s professional advisors after I became a widow…

 

Never Tell a New Widow to Relax

I have just returned home after two months on Nantucket—my happy place, the place where I completely relax, where even writing a weekly blog slips to the bottom of my list of priorities. It took me four years to get to this place—literally and physically—and so I keep going back….

 

Finances: A Widow’s Nightmare

Seven years ago today—one week after Lev’s death, my first day alone in my empty house—I was walking across the library when I received an unexpected call from his financial advisors—three people sitting around a speaker phone in another city. I was given no forewarning, no opportunity to have my…