In this very personal letter to his clients, estate planning attorney Cory Wessman, shares why a well thought out healthcare directive is such an important part of your financial road map.
Posted with permission from the offices of Erickson & Wessman, Attorneys At Law:
In the early morning hours of Friday, November 30th, I received the most unwelcome call from my father. “It’s your brother, Scott….he was found unresponsive and is in a medically-induced coma. We don’t know if he will make it.”
Photo by Nik Shuliahin on Unsplash
The death of a spouse is one of the most difficult experiences we will face in our lifetimes. The financial steps you take in the days and weeks that follow can have a major impact on your financial security as well as that of your family.
The best advice may be to simply do nothing right away.
Watch this 1-minute video for tips on what to do after your spouse passes away.
Estate planning can provide for the proper distribution of your assets to your beneficiaries after you die. In some cases, a living will or trust may help, especially if you have children who are minors or assets like mutual funds, brokerage accounts or other non-retirement assets that don’t pass via beneficiary designations.
To learn more the role a will or trust plays in your estate plan, watch this short video.
Last week I wrote about what it means to be an Ed Slott trained IRA advisor. Since then, I have learned that Ed Slott’s program “Retire Safe and Secure” will air on our local, Twin Cities Public Television stations this weekend!
If you want to learn how to avoid the most common tax mistakes people make with their retirement accounts, or why a Roth IRA is so important, or how to take your IRA from “forever taxed to never taxed” you will want to watch or record Ed’s show this weekend.
Ed Slott has been a huge supporter of Public Television for many years and is one of PBS’ all-time largest fundraisers. His programs have raised over $50 million in donations supporting PBS stations across the country. This weekend you can watch him on your local station.
Times and dates are listed below. Check with Twin Cities PBS for more information or click here.
- Retire Safe & Secure with Ed Slott | Friday, Jun 8 at 6pm TPT LIFE
- Retire Safe & Secure with Ed Slott | Saturday, Jun 9 at 11:30am TPT 2
- Retire Safe & Secure with Ed Slott | Saturday, Jun 9 at 9:30pm TPT LIFE
- Retire Safe & Secure with Ed Slott | Sunday, Jun 10 at 3am TPT LIFE
- Retire Safe & Secure with Ed Slott | Saturday, Jun 30 at 7pm TPT LIFE
Now this is must see TV.
Looking for an Ed Slott trained “Elite IRA Advisor”? Call me at 651.379.3935 or email me directly at firstname.lastname@example.org
Ed Slott’s Elite IRA Advisor Group is solely an indication that the financial advisor has attended training provided by Ed Slott and Company. Ed Slott is not affiliated with Royal Alliance Associates, Inc.
Photo credit: Tom Skarbek, Unsplash.com
Cory Wessman is an estate planning attorney with the law firm, Erickson & Wessman. His office is in the Broadway Place West building in NE Minneapolis where I work.
He sent the following letter to his clients and I thought it would make a great guest post.
You can find out more about Cory and his services at his website, www.cericksonlaw.com.
Below, he offers great advice for “spring cleaning” your estate plan. If you need help creating and updating your “Master List of Accounts”, let me know. We have this information for all our financial planning clients and are happy to provide it to you in a secure way.