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Is my bank account automatically included in my trust? No. And that assumption could cost you.
Is my bank account automatically included in my trust? No. And that one assumption is responsible for a lot of avoidable family headaches. Your trust doesn't pull accounts in automatically. Every account you want covered needs to be retitled (renamed) into the trust. If that step never happens, your money goes around your trust. Not through it. And setting up the trust ends up being a waste of time and money. We see it all the time. Perfectly drafted documents. Great attorney. Binder on the shelf. But investment accounts still sitting in a personal name. That's how families end up in probate, dealing with delays, extra legal costs, and taxes that could have been avoided, at the worst possible time. This is exactly why we gather and review every client's estate documents as part of the financial plan we build together. We check account titles, align beneficiaries, and make sure what's written on paper actually shows up in real life. Your estate plan shouldn't just look good in a binder. It should work when your family needs it. If you're not sure your accounts are set up correctly, that's worth a quick conversation. It's one of the easiest things to fix now, and one of the most expensive to ignore later. Link in bio to get started. #EstatePlanning #TrustPlanning #FinancialPlanning #WealthManagement #CFP #StrategicFinancial #PhiladelphiaFinance #SouthJersey #BusinessOwners #FinancialAdvice #MoneyTips
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Securities and investment advisory services are offered through Osaic Wealth, Inc., member FINRA/SIPC and a registered investment advisor. Additional investment advisory services offered through Strategic Financial Advisors Corporation, a registered investment advisor. Strategic Financial Advisors Corporation and Strategic Financial Services Corporation are not affiliated with Osaic Wealth, Inc.
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