meta_pixel
Tapesearch Logo
Log in
BiggerPockets Money Podcast

265: Death and Finances: What to Do (Before and) After A Loved One Passes w/ Allison Nichol Longtin

BiggerPockets Money Podcast

BiggerPockets

Education, Investing, Business

4.5 • 3K Ratings

🗓️ 10 January 2022

⏱️ 71 minutes

🧾️ Download transcript

Summary

Death and finances can arguably be called the two things that people hate talking about most. Unfortunately, these are two topics that cannot be kept in the dark, as we all must deal with loss, both emotionally and financially over our lifetime. What can the average person do when they’ve just received the heartbreaking news that a loved one has died. Even worse, what if it’s their partner? This almost unimaginable shock came to Allison Nichol Longtin when her husband passed away six years into their marriage. Not only did Allison have to carry the emotional burden of losing her partner, but she also had to deal with the financial fallout of his death. She spent over a year carrying around a portfolio of papers, proving to numerous different entities that she indeed was the new owner of her husband’s accounts. Allison admittedly made some mistakes in not preparing for the unexpected, but she’s since then made a strong case that every couple should do what she overlooked. Today, Mindy and Allison go through the top steps that every couple (married or unmarried) should take in order to keep their financial burden as minimal as possible during an unexpected death.  This was a very difficult episode to record (due to the subject matter at hand). We wholeheartedly thank Allison for coming on and giving advice that will benefit every couple listening to this episode.  In This Episode We Cover How to prepare for the unexpected death of your spouse or partner The importance of creating a will and estate planning  Why having joint bank accounts is an often overlooked financial failsafe  Having a plan in place to share passwords and login information for financial accounts Defeating your money anxiety and becoming less avoidant about finances  How to have a money date with yourself or your partner And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hi there. Before we get into today's show, I wanted to give a trigger warning.

0:04.6

Today, I'm talking to a woman who lost her spouse unexpectedly at a young age

0:09.2

and how she dealt with the aftermath of this sudden event.

0:12.0

We are also talking about how you can prepare now in case this happens to you.

0:17.8

Welcome to the Bigger Pockets Money Podcast, show number 265,

0:21.8

where I talk to Allison Nicholongton about handling the unexpected death of your spouse.

0:26.9

It's a voydent and it's a lot of what many of us go through and we don't want to think those

0:33.9

thoughts. We don't want to follow those thoughts through so we don't do it. We put it off, we put it

0:38.7

off, we put it off and I think that that's a very human response and I think it's sort of a by-product

0:44.8

of the many things in life that we don't like to talk about and you've got two of them there.

0:48.5

People don't like to talk about death and people don't like to talk about money.

0:52.4

Hello, hello, hello, my name is Mindy Jensen and I'm here to make financial independence less

0:57.6

scary, less just for somebody else to introduce you to every money story because I truly believe

1:03.1

financial freedom is attainable for everyone no matter when or where you're starting.

1:07.8

Whether you want to retire early and travel the world, go on to make big-time investments

1:11.7

in assets like real estate or start your own business, we'll help you reach your financial

1:16.0

goals and get money out of the way so you can launch yourself towards your dreams.

1:28.4

Allison Nicholong-Ten was married for six years and her husband handled all of their finances

1:33.2

until his early unexpected death left her with a broken heart, a mountain of paperwork,

1:38.5

and forster to deal not only with her past money issues but also figure out her current financial

1:43.5

situation, something that could have been made much easier if they had only talked about it while

1:48.0

he had still been alive. Allison has learned a lot since his passing, which is why she's here today.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.