Retirement Planning

🤔  Should you list your minor children on your life insurance policy? . If you want to make sure your kids are covered through your life insurance, listing them as a beneficiary is not what we typically recommend.  Why?  . Because they get all the money in one big sum...

BEFORE you see an estate planning attorney, DO THIS FIRST: . Make your inventory list. 📃 . Include all of your assets, both physical and non-physical properties that you own.  . Here’s a good starting point: . 🔸  Art 🔸  Jewelry  🔸  Cash 🔸  Real estate 🔸  Bank accounts...

🤔 How do you know what’s in your trust fund already? . Here’s a little trick: . Just look at the name on the asset.  . Is YOUR name on the asset, or is the TRUST’S name on the asset? . Because if your name is still on it, then you can be certain that it’s not in the...

🐱Pet Estate Planning 🐶 What NOT to do... Pets can truly be part of the family, which is why so many opt for setting up a pet trust to protect their future. But there are definitely some things that should NOT happen when you plan: 🔺 DO NOT leave the pet money in the...

Just read a Kentucky case where the woman died and and had a do it yourself form will that she had done herself without the assistance of an attorney. She left everything to her husband. Problem was that her husband died before she did and no alternate beneficiaries...

💰 FINANCIAL ACCOUNTS 💰  What happens when you die and don’t have a beneficiary listed?   Your retirement account, investments, etc… Let's say you forgot to list a beneficiary on one of those accounts.   It happens quite often.    Many times to will go...

We’re married and share everything anyway. Why shouldn’t we just have a joint will? . It sounds nice. But it’s a bad idea and here’s why: . ❌ A joint will CANNOT BE CHANGED once one of you dies. . In other words, your surviving spouse can’t do anything with the assets...

The answer is no but you still may want to for other reasons. Many times when we prepare simple wills we provide where assets will go if our spouse does not survive. We also name a backup executor if our spouse is not alive. If you are happy with all of your original...