Until now, the terms of service for each individual site have determined who has ownership and access after a death and whether the assets are deleted, frozen or can be transferred.
The fact is people’s names often change. People get married and divorced or sometimes just legally change their names.
We have approximately $1.5 million in cash and investments, mostly in Certificates of Deposit (CDs). Our mortgage is paid and we have no debt. We have three adult children. Should we put out assets into a trust to better protect them for the future?
It is estimated that more than 50 percent of all Americans don’t have a will, and in our Future File business, we have estimated that less than 10 percent of the U.S. population has a complete legacy and wishes planning system.
Some people use prepaid cards instead of a traditional checking account.
Thinking of exit and estate planning in tandem, allows owners to ask relevant questions to bring their entire picture into focus.
If you don’t educate yourself on Social Security, you could wind up cutting your benefits and hurting financially as a result.