Money and Trusts, Frequently Asked Questions
Money and Trusts, FAQ Marty Schneider, the Retirement Professor, asked me questions the following questions on our radio show today: What happens to money outside of the Trust when the trust creator dies? The money must be transferred to the Trust but may require court orders to make the transfer. Smaller amounts of money can be transferred through the use of Affadavits. How can you make sure that life insurance is in the Trust? You can look in our your original policy or ask the insurance administrator or company to provide that information. How can you make sure the bank accounts are in...
Read MoreEstate Planning Fatigue
Estate Planning Fatigue According to a recent survey conducted by CNBC.com, more than one-third of high-net-worth families have not set up a basic estate plan to protect and provide for their loved ones when they die. The survey found that 38 percent of millionaires with investable assets of $1 million or more have not established an estate plan with the help of a financial expert. Millionaires with $5 million or more were more likely to have an established estate plan with 68 percent having one. The survey also found that Republicans were more likely to use a financial advisor to set up an...
Read MoreLiving Trust Basics: Gary’s NEW E-Book
Living Trust Basics He’s done it again! We all know and love Gary’s first e-book Accidentally Self-Employed and now he’s published a new e-book, Living Trust Basics. Simple and easy to read, Living Trust Basics is a must read for EVERYONE! Gary answers some of your most pressing Estate Planning questions and teaches you how to make sure your future, your loved ones and your assets are properly protected in case something happens to you. Do I need an Estate Plan? How do I avoid Probate/Conservatorship? What causes Probate? What are Power of Attorneys and do I...
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