Tag Archives: JTWROS

June 2015 Financial Planning Tip, Capital Market Review (Video)

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 another 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

 

TOD/POD Transfer/Payable on death – Another great Financial Planning Tip: 

  • Automatically sends assets to recipient 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

While similar to our recent tip concerning Joint Tenants with Rights of Survivorship (JTWROS), we find this tip is actually forgotten about rather than accidentally used. Never by us … Give us a call if you have any confusion/questions!

China, Greece, Puerto Rico and Summer

With slowing earnings growth here in the USA and frothy capital markets, it did not take much to put fear into participants. Combine the trifecta (China, Greece, Puerto Rico) of events and summer doldrums and you get a dicey market.

China:

Shanghai Composite

That’s a pretty scary 20%+ negative move by the China market … Until you take a longer view.

Shanghai Composite LT

With eyes of a wider spectrum, looks like to us a much needed breather. No matter, the weight of all at once, Greece, China and Puerto Rico have been too great for markets to maintain a positive attitude, thus far.

Watching close!

John A. Kvale CFA, CFPJK Street Cents Logo

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225

May 2015 Financial Planning Tip, Capital Market Review (Video)

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.

5-28-15 Dow Utilities

Dow Jones Utilities -5% YTD

 5-29-15 Dow Transportation

Dow Jones Transports -10% YTD — Very concerning

We are monitoring this closely.

John A. Kvale CFA, CFPJK Street Cents Logo

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225

Joint Tenant with Rights of Survivorship

Seemingly meaningless items, like the title of a bank or other asset account may unknowingly cause you grief later … watch the titles.

Joint Tenant with Rights of Survivorship aka JTWROS

  • 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

JTWROS

These are the key characteristics of the simple but powerful titling.

If by asking yourself, in the case of death, your JTWROS co-signer receives the asset directly is ok!  Then you are in good shape.

If not, call us, we will review with you!

Have a great day!

John A. Kvale CFA, CFP

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225