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Here's your money briefing for Tuesday March 5th. I'm J. R. Whelan for the Wall Street Journal.

The emotional toll of the death of a partner is often followed by the financial toll of higher taxes levied on the surviving spouse

But there are steps you can take to lessen the tax hit

Really this is something that ideally you should be starting way before either spouse dies.

It's very important to understand the effects that taxes can have on your overall picture.

So it's really important that to the extent

that you can plan ahead, it's really a good thing.

We'll talk to Wall Street Journal

Contributor Cheryl Winnakeraker Monk after the break. If you're looking to invest your money wisely, you'll need our investment wisdom.

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Surviving spouses can make specific moves with their finances to avoid getting hit with a spike in taxes.

Wall Street Journal contributor Cheryl Winnaker Monk joins me.

Cheryl, why do spouses of deceased partners fall into what is sometimes called a survivor

...