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Investments glossary

Widow’s Allowance


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Quotes of the day:

Chains are chains even if made of gold, they just tie you.

— Patrick Mahony

A widow’s allowance is an allowance of funds or personal property received by a widow after her husband’s death to meet her immediate requirements. The amount of the allowance is decided by statute or court and is meant to protect the widow and family of a deceased person from financial hardship during administration of the deceased’s estate. The relevant jurisdiction may have an established time limit dictating the length of time during which these benefits can be disbursed.


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