Financial institutions often don’t recognize your Power of Attorney. Follow this process to authorize access to your Fidelity and Vanguard accounts.
You can name only one beneficiary on a savings bond. If you’d like to name two or more beneficiaries, you have to split your bond into multiple parts.
You set a second owner or beneficiary when you buy I Bonds in TreasuryDirect. You can still add a joint owner or change the beneficiary at any time.
It’s easy to create a simple revocable living trust with DIY legal books and software. You can buy additional $10,000 in I Bonds per year for each trust.
Real life experience and learning from maintaining and executing an estate plan.
Just having a trust document doesn’t do much. You need to put accounts under the trust’s name. I walk you through for how we did it with Fidelity, Vanguard, and Merrill Edge.
Using the legal plan through an employer works for simple estate planning.
Can you contribute to your adult children’s Roth IRA? Yes, but …