My good friend and Investment Advisory Representative Joshua Hernandez and will be hosting a workshop entitled “Preserve Your Assets”. If you’re looking to prepare your family and money for the future, come and attend this interactive workshop to learn more about investing and estate planning. Location: 765 The City Dr #100 Orange, CA 91752 Time:…
Tag Archive: Beneficiaries
Reviewing Your Estate Plan Helps You Avoid Keeping the Ex as the Beneficiary
As part of my procedure of reviewing or creating an estate plan, I have the clients pull up the beneficiary documents for various accounts (life insurance, bank, pensions, etc.), in part just to make sure they know who is designated the beneficiary is, and to have them changed if necessary. Recently, I had one client…
How Often Should I Review or Update My Estate Plan?
You should review your estate plan every several years to make sure it still comports with your current decisions. Moreover, you should definitely have your estate plan updated upon a major life event, such as having children, purchasing a home, or a divorce.
Adding Multiple Beneficiaries to Your Retirement Accounts
Awhile back I posted about adding beneficiaries to your bank accounts as part of your overall estate plan. This allows the money in those accounts to go directly to the person(s) you’ve selected, without having to go through the probate process. The Tax Guy (Bill Bischoff) over at Smart Money wrote an article entitled: “Designating…
Bank Accounts and Estate Planning
One of the goals of estate planning is to avoid probate. If you already have an estate plan, you may have already designated a beneficiary to your bank accounts to receive the proceeds upon your death. Sometimes these accounts are referred to “Totten Trusts” or “Payable Upon Death” (P.O.D.), but the effect is still the…