Welcome to our monthly Economic, Capital Market, and Financial Planning tip of the month.
This months Financial Planning Tip of the month is a reminder of an important account Title issue !
Once again a special thanks to all of YOU … the best clients and friends as your experiences have again given us the subject matter for our Financial Planning Tip of the Month.
For those new to our writings, we touch on the most pertinent Financial “stuff” along with a video of my mug that has even more specialized details of the latest month as well as this post.
Ok…let’s go!
VIDEO
You Tube Direct Link or Vimeo Direct Link
Joint Tenant With Rights of Survivorship (JTWROS) – Another great Financial Planning Tip:
- Automatically sends assets to the joint holder upon death of other
- Avoids probate
- Since Avoids probate, may not be controlled by your Will
- Very Powerful
- Can lead to inadvertent mistakes in Estate Planning
They mistake we see most often is the ACCIDENTAL directive to another person without the intent. If you have an account that is JTWROS, make sure this is doing what you want it to from an estate planning perspective.
Give us a call if you have any confusion/questions!
Divergence
During strong capital markets, all aspects of the capital markets rise to new highs.
Dow Jones Utilities -5% YTD
Dow Jones Transports -10% YTD — Very concerning
We are monitoring this closely.
John A. Kvale CFA, CFP