Why Do Families Set Up Joint Ownership Accounts?
Often times, clients are simply unaware of how accounts have been set up for them or the consequences that come with joint accounts. Ownership brings liability.....from divorce, bankruptcy, lawsuits, and disabilities. Clients are unaware that there is another way to give their family access to money without the risks.
How Does the Executor Pay for Immediate Expenses?
Usually, the executor pays out of pocket for expenses, such as the funeral, travel costs, and celebration of life. Depending on family dynamics, this can lead to disagreements and even arguments when it comes to reimbursement. However, with The Beneficiary Liquidity Plan®, you can ensure the family has access to funds within 48 hours without waiting for the death certificate. Please call me at 856-401-1101 for a 20-minute complimentary phone call with me to discuss.