Dear Chat GPT: Handling a Parent’s Finances after a Loss – Tips for Coping With the Difficult Situations

By Jordan

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    Welcome to ‘Dear ChatGPT,’ a personal finance advice column where ChatGPT4 and SVIC’s human editor answer your personal finance questions. If you would like chatGPT4 to answer your question please email us at



    Dear ChatGPT,

    My dad (72) died unexpectedly last month and left barely any money behind for my mom (62). What do I (27) do? I’m beginning to panic.


    ChatGPT’s answer:

    Dear Jack,

    Thank you so much for sharing your difficult situation and asking such an important question. My heart goes out to you and your family during this difficult time.

    Losing a loved one is never easy, and your situation can be especially complicated. When a parent dies with little money left behind, it can be difficult to know what to do. As a financial journalist, I understand how important it is to consider all options carefully in order to make the best decisions for you and your family.

    Understand Your Financial Situation

    The first step to making a plan for your family’s future is to understand your current financial situation. You should make a list of all your family’s financial obligations, such as loans, credit cards, and other debts. Additionally, you should try to find out your mother’s Social Security benefits, as well as other potential sources of income, such as pensions or investments.

    Once you have a clear picture of your family’s financial situation, you can start looking for ways to make ends meet.

    Budgeting Tips

    Once you understand your family’s current financial situation, it’s important to start budgeting. This can help you save money and make sure that your mother’s bills are paid on time.

    First, create a budget that includes all of your mother’s necessary expenses, such as rent, food, and utilities. Make sure to factor in any Social Security benefits she may receive. Then, look for ways to reduce expenses, such as cutting out unnecessary costs or finding cheaper alternatives.

    Once you have a budget in place, it’s important to stick to it. This will ensure that your mother’s bills are paid on time and that she doesn’t overspend.

    Financial Assistance

    It’s also important to research potential sources of financial assistance. Depending on your mother’s income level, she may qualify for government programs such as Supplemental Security Income (SSI), Temporary Assistance for Needy Families (TANF), or Medicaid. Additionally, there may be programs in your area that provide assistance to seniors or low-income families.

    You should also look into potential financial assistance from private organizations. For example, some non-profit organizations provide grants to seniors or those who have lost a parent.

    Find Support

    Finally, it’s important to remember that you are not alone. Your mother may be grieving the loss of her partner, and it’s important to make sure that she has the support she needs.

    If you are struggling to cope with your own emotions, there are a number of resources available. For example, your local community may have support groups or counseling services available. Additionally, there are many online resources available, such as blogs and forums.


    Losing a loved one is never easy, especially when there is little money left behind. In this situation, it’s important to understand your family’s financial situation, create a budget, research potential sources of financial assistance, and find support. Although it may seem overwhelming, by taking these steps, you can make sure that your mother and your family are taken care of during this difficult time.

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