The guarantees provided by any type of insurance contract are based on the claims-paying ability of the insurance company. Insurance Products offered through JN Financial, LLC. Investment Advisory Services offered through JB Capital, LLC. Johnson Brunetti is a marketing name for the businesses of JB Capital and JN Financial. Feel free to submit questions here for a chance to have them answered! If you enjoyed this topic and want to learn more, get our free guide, “ Estate Planning Checklist“. Thanks for joining me and I hope you found this information helpful! Any good attorney that specializes in estate planning will be able to do those things for you, typically in a package. Most people should probably have a trust and some type of healthcare power of attorney. Start with where do you want your assets to go when you pass away and how much control do you want over those assets. There are many things on an estate planning checklist that you should have. It could be protecting your assets in case your kids get sued. Do you want your assets protected while living or at death? That could mean insurance, legal protection from nursing home care, or lawsuits. ![]() The last item I’ll talk about is your assets. You don’t have to do it the way I did it, but the question is do you want control over your assets when you die. ![]() It’s another thing for you to think about. That trust dictates how my assets get paid out and for my personal situation, I don’t want everything paid out to my kids in a lump sum. Next, do you want control over your assets after you die? For example, I can pass away and in this situation, I do have a trust. If I can’t speak or make decisions for myself when it comes to my health, she has the power and legal authority to do that. For example, for myself, it’s my wife Wendy. That would be someone to make decisions on your behalf. Who do you want to make decisions about your health and treatment of certain illnesses or conditions if you can’t make those decisions? Many people have what’s called a healthcare proxy or a healthcare power of attorney. Who Do You Want to Make Decisions Regarding Your Health?Īnother thing on your estate planning checklist should be health care issues. In the Northeast, there are very few restrictions on who you can leave money to or who you have to leave money to. As an owner of your possessions, you have the right to decide exactly where you want them to go. The simplest is, where do I want my possessions to go when I die? Part of estate planning, whether it’s a will, trust, or however you’re going to build this is deciding where you want your things to go. There are several things you can have but let’s just talk about the basic things. Today’s question is “What should be on my estate planning checklist?” Where Do You Want Your Possessions to Go? Usage will be monitored.Thank you for joining us for Episode 17 of our Money Wisdom Question Series, where we film answers to common financial and retirement investment questions. © 2024 Charles Schwab & Co., Inc. All rights reserved. residents, Charles Schwab Hong Kong clients, Charles Schwab U.K. Learn more about our services for non-U.S. residents are subject to country-specific restrictions. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. Neither Schwab nor the products and services it offers may be registered in your jurisdiction. Neither Schwab nor the products and services it offers may be registered in any other jurisdiction. ![]() Schwab is not registered in any other jurisdiction. ("Schwab") ( Member SIPC), is registered by the Securities and Exchange Commission ("SEC") in the United States of America and offers investment services and products, including Schwab brokerage accounts, governed by U.S. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Environmental, Social and Governance (ESG) Investing. ![]() Bond Funds, Bond ETFs, and Preferred Securities.ADRs, Foreign Ordinaries & Canadian Stocks.Environmental, Social and Governance (ESG) ETFs.Environmental, Social and Governance (ESG) Mutual Funds.Benefits and Considerations of Mutual Funds.
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