A lot of people believe that everything should go into a trust once you’ve set it up, and while that sounds logical, the answer is actually no. Not everything belongs in your trust, and getting it wrong could lead to headaches, probate delays, or even tax trouble. So today, we’ve invited estate planning attorney Connor Kelley to break down the four big ones you want to be careful with: retirement accounts, vehicles, life insurance, and checking accounts.
Here’s what we cover in this episode:
📜 Why IRAs and 401(k)s don’t belong in your trust 🚗 The surprising reasons to keep vehicles out of it 💸 How to handle life insurance the smart way 🏦 What to do with your checking account instead of retitling it 👨👩⚖️ The benefit of working with a coordinated financial and legal team
Learn more about the Kelley Law Firm: https://www.yourestateplan-kc.com/
💼 Want expert help in planning for your financial future?
Apply for a consultation here 👉 https://calendly.com/erg-kc/introductory-phone-call-with-erg
📞 Call us: 913-393-4724
🌐 Visit our podcast website: https://listentoscott.com/
📚🛠️ Check out Scott's book, Exceptional Retirement, and Retirement Toolkit
Download here 👉 https://keap.page/bu413/exceptional-retirement-youtube.html
🎥 Subscribe to our YouTube channel for more retirement insights!
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📰 Read our latest articles on Kiplinger:
https://www.kiplinger.com/author/scott-m-dougan-rfc-investment-adviser
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#retirement #retirementplanning
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