Bogleheads On Investing Podcast
Episode 79, Mike Piper, CPA, author of After the Death of a Spouse, Next Financial Steps for Surviving Spouses, host Rick Ferri
Feb 25, 2025
Mike Piper, CPA, is an expert in taxation and estate planning, known for his work on financial topics including Social Security. He discusses the emotional and logistical challenges for surviving spouses after a loss. Key themes include estate management, organizing important documents, and navigating Social Security benefits while addressing tax obligations. Mike emphasizes the value of pre-established financial relationships and shares insights on inherited IRAs, shedding light on the complexities faced during such difficult times.
57:40
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Quick takeaways
- Executors must navigate significant emotional and financial responsibilities after a spouse's death, emphasizing the need for structured approaches and resources.
- Differentiating between immediate and deferred tasks is crucial for executors, as it helps manage cognitive overload during emotionally taxing times.
Deep dives
Understanding Your Role as an Executor
Being named an executor carries significant responsibilities, particularly after the death of a spouse or loved one. Executors are responsible for administering the estate, which includes notifying relevant parties about the death, handling tax forms, and managing the deceased's finances. It's crucial to know that these tasks may be emotionally overwhelming and should be approached in a structured manner. Resources like guidebooks on financial next steps can serve as a valuable starting point for navigating the executor's responsibilities.
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