Children as Beneficiaries?

Children as Beneficiaries? Generally speaking, it’s a bad idea to name minor children as beneficiaries of things like life insurance policies, retirement accounts, etc. While it’s natural to want to leave things to your children if you should die, if they are minors, listing them as...

Death and Taxes

Death and Taxes Well, actually I’m just going to talk a little bit about death — or rather, making things a little easier on those you leave behind. I know it’s something people don’t want to talk about or even think about, but it’s important. My mom...

Could you pass the bus test?

The bus test is usually used for business purposes, but it can be applied to your personal life as well. It goes like this: Imagine you got hit by a bus right now. Where would your business (and/or your personal life) be? Would someone be able to step in so that...

Updated will & trust

It’s a good idea to review your will (and trust, if you have one) at least once a year. Even if you don’t think there have been any changes, you may be surprised to see that things weren’t as you remembered, or things might have happened that would...

Estate planning on my mind…

Estate planning has really been on my mind lately, what with some things that have been going on with relatives over the past few months. It’s been hard. Death, dying, and what you’d like done or not done if you’re in really bad shape are the kinds...

Updating estate planning documents

If you don’t yet have a will and other estate planning documents, it’s time to get one. The process is simple and it’s very worthwhile. The people you leave behind will thank you, because it’s hard enough to mourn the death of a loved one...

Sometimes a TV show can get you thinking…

My husband and I just finished watching the entire Six Feet Under TV series last week via Netflix. I really enjoyed watching it, but of course you can’t watch 5 years’ worth of a show about death without thinking about death now and then. The show brought...

Disappointment

I love my online savings account at FNBOdirect. Love it, love it. They have one of the highest interest rates right now, and the set up process was very easy. But… I recently realized that they don’t offer POD (payable on death) accounts, beneficiaries, or...