MoneyWisdom Blog

6 Things to Know About Leaving Money and Assets to Minors

Posted by Dawn Weinberger on Oct 3, 2019 4:23:42 PM

You’ve thought long and hard about who will take on guardianship of your minor children in the event of your death, and you want to make sure that a) this trusted friend or family member has enough money to cover the costs of raising them and b) your kids will have the funds to eventually pay educational costs and/or get their adult lives started.

The truth is, the process knowing how to distribute your assets is overwhelming, so we’re here to help with 6 things you should know about leaving money and assets to minor children.

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Topics: Estate Planning, children, Death

How to Protect Your Digital Identity After Your Death

Posted by Dawn Weinberger on Sep 25, 2019 8:11:00 AM

You’ve invested time — and probably even some money — into an estate plan. And that estate plan covers a lot, like guardianship of your minor children and what should be done with your assets once you are gone.

What it might not cover? Instructions for your next of kin regarding what to do about your “digital identity,” e.g. email addresses, social media accounts, passwords, website login information, and anything else tied to your active digital footprint.

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Topics: Estate Planning, Death

Here's The Difference Between An Heir And A Beneficiary

Posted by Diana Burrell on Sep 18, 2019 7:45:00 AM

Many people use the terms "heir" and "beneficiary" interchangeably, but there are important differences between the two designations. Here's how an heir and a beneficiary differ:

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Topics: Estate Planning, Death, Investments

How to Provide for Your Pet After Your Death

Posted by Sandra Quadros Bowles on May 28, 2019 6:53:00 AM

Most animal lovers — a whopping 95% of pet owners according to a recent Harris Poll — consider their pets part of the family.

And they dread losing that pet, so much so that pet sympathy cards and even companion animal funeral homes have become big business.

But what happens when the pet outlives its human owners? 

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Topics: Estate Planning, Death

The first 6 things to do after the death of a parent

Posted by Hanscom Federal Credit Union on Mar 29, 2016 2:40:59 PM

When a parent passes, the loss of the loved one can be made more difficult with the weight of trying to organize his or her financial affairs. To help you through the death of a parent, we have a free download below that includes steps to take before, during and after the funeral. It’s called the Surviving Child Checklist and it is provided by our financial partner BALANCE.

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Topics: Estate Planning, Death

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