Recently lost my spouse, how should I handle the LI payout? I make 200k give or take my wife just passed away. I have about 20k in savings, and a 500k policy that I’m due but 50k of that will be eaten by the funeral. My kids are 7 and 8 I have about 50k in student loans and another 18k in credit card debt. I’ll have our second car paid off in 3 months. We’re renting a home right now. I’m supposed to go b…