Estate Planning and Settling

'Tis the season to deck the halls, light the menorah and provide peace on earth (or at least to
your families) with a well-constructed financial and estate plan. With families getting together
for the holidays (either virtually or in person), this is a good time to encourage conversations
about financial matters that might otherwise go unsaid.
While it may feel uncomfortable talking about financial and medical plans, it can help spare
unnecessary pain, chaos and costly mistakes in the emotional event of death or disability.
“You don’t want this to be the thing that tears your family apart,” America’s IRA Expert, Ed
Slott, CPA, says. “If your children don’t know your plans or wishes and disagree about how to
handle matters, loads of time could be spent fighting in court while all your hard-earned money
ends up in the pockets of lawyers—instead of those you love.”
Contact me at Jane@CtoCFP.com for a workbook ideas for those conversations.

DIGITAL ASSETS

‼️Let’s talk about something important you may not have considered in your estate planning (regardless of age)…your DIGITAL ASSETS and I don’t mean crypto currency. I’m referring to your phone, email, social media and other online accounts and storage. Do you know it’s illegal for someone else to access them once you have passed away without proper protocol?

Companies can freeze accounts, phones and access leaving your loved ones without vital information to settle your estate and access private information and memories. Have you thought about your own or your loved ones should something happen? Thanks to a connection I made at Ed Slott CPA training, I’m here to share an important estate planning law, referred to as “the most important law you’ve never heard of” called RUFADAA (Revised Uniform Fiduciary Access to Digital Assets Act).

If you haven’t addressed this yet, what can you do now?

1. Set up Legacy Contacts on your phone and all accounts. I have an article with more details I can share via email Jane@CtoCFP.com

2. Contact your estate attorney to add this language (if you need a new attorney, we have a list of trusted resources). ⚖️

3. Talk to your loved ones, make sure they do the same NO MATTER HOW OLD! Otherwise you may be spending months or years on probate.

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