When a spouse is grieving, it can be difficult to consider practical matters. Emotions are so heightened that many recent widows and widowers end up making a bad situation even worse.

Five common financial missteps they make are:

• Making quick decisions – In addition to the emotional toll of a spouse’s death, the survivor also faces financial issues that can have a big affect on his or her lifestyle. Some have sold their homes only later to regret the decision. Others prematurely have changed financial accounts, unintentionally creating tax consequences.

Solution – While taking control of finances is important, surviving spouses shouldn’t rush. Instead, hold off making major financial decisions for six months to a year.

• Not getting expert advice – In difficult times, people naturally turn to friends and family for advice; however, when it comes to financial and legal advice, survivors need counsel from skilled professionals. While friends and family mean well, they might not be knowledgeable of the latest rules, regulations and tax codes.

Solution – Find a good lawyer, financial adviser or other experts needed to make sound decisions.

• Overlooking survivor benefits – Many survivors simply are not aware of the financial benefits they are entitled to.

Solution – Most people think about Social Security benefits, but there also might be pensions, retirement funds or other financial accounts available. There also might be military benefits if the spouse was a veteran. Do this research in a timely manner so you can apply for these benefits as soon as possible.

• Living beyond their means – While it may be hard for the surviving spouse to focus on, cash flow should be the foremost concern since it will have an immediate and direct impact on their lifestyle.

Solution – Develop a detailed budget that also includes one-time expenses such as funeral costs, attorney’s fees and estate tax. For at least the first year, survivors also should revisit their budgets every three months. A financial professional significantly can help with this.

• Proper insurance – When someone dies, life insurance may be foremost in your mind, but what about other insurance that the surviving spouse will need?

Solution – From health to home to disability to long-term care, all policies should be reviewed with an insurance professional. These experts can arrange for proper insurance and adequate coverage.

It never is easy to think about these issues in the wake of a lost spouse, but it is important to ensure that the emotional pain isn’t made worse by financial problems.

Anthony Engrassia is an investment adviser representative of Mutual for Omaha Investor Services.