Why You Should Have More Than One Savings Account Right Now

Why You Should Have More Than One Savings Account Right Now

By MICHAEL BROMBERG Published June 13, 2023

One of the many consequences of the Federal Reserve's aggressive series of interest rate hikes since March 2022 has been a sharp increase in the yield you can earn in your savings deposits. Today, the top high-yield savings accounts pay an annual percentage yield (APY) of 5% or more, while rates on the top money market accounts are as high as 5.25%.

If you currently have a single account that does not match these payouts, it may be time to consider opening a new one or a secondary account—even if that means turning to a new bank or credit union.

Benefits of Multiple Savings Accounts

The current high-rate environment represents an ideal opportunity to reevaluate your savings plan. If you've been stashing your savings deposits in the same account for at least a few years, it's worth checking that the current APY you're earning is competitive with today's top rates.

Opening multiple accounts could be one way to ensure that you're maximizing the potential of your savings by earning the top yield. The flexibility of having more than one account can also help you manage fluctuations in interest rates, which could be important when the Fed eventually pauses its hikes and rates begin to move lower.

In addition, by splitting your savings into more than one account, you boost the amount that can be covered by the Federal Deposit Insurance Corporation (FDIC). The FDIC guarantees your deposits up to $250,000 per individual per institution, so opening several accounts can multiply the deposits that you're entitled to have insured.

Holding your savings in multiple accounts can also be a way to help you stay on track to meet specific goals. For instance, if you're saving for a down payment on a house, you could open an account where you set aside money specifically for that purpose. This could help you avoid the temptation of spending these funds on other things.

To continue reading, please go to the original article here:

https://www.investopedia.com/why-have-multiple-savings-accounts-now-7510818?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral

Top 10 Most Common Financial Mistakes

Top 10 Most Common Financial Mistakes

By EMILY NORRIS

Here we'll take a look at some of the most common financial mistakes that often lead people to major economic hardship. Even if you're already facing financial difficulties, steering clear of these mistakes could be the key to survival.

1. Excessive and Frivolous Spending

Great fortunes are often lost one dollar at a time. It may not seem like a big deal when you pick up that double-mocha cappuccino or have dinner out or order that pay-per-view movie, but every little item adds up.

Just $25 per week spent on dining out costs you $1,300 per year, which could go toward an extra credit card or auto payment or several extra payments. If you're enduring financial hardship, avoiding this mistake really matters—after all, if you're only a few dollars away from foreclosure or bankruptcy, every dollar will count more than ever.

2. Never-Ending Payments

Ask yourself if you really need items that keep you paying every month, year after year. Things like cable television, music services, or high-end gym memberships can force you to pay unceasingly but leave you owning nothing. When money is tight, or you just want to save more, creating a leaner lifestyle can go a long way to fattening your savings and cushioning yourself from financial hardship.

3. Living on Borrowed Money

Using credit cards to buy essentials has become somewhat commonplace. But even if an ever-increasing number of consumers are willing to pay double-digit interest rates on gasoline, groceries, and a host of other items that are gone long before the bill is paid in full, it's not wise financial advice to do so. Credit card interest rates make the price of the charged items a great deal more expensive. In some cases, using credit can also mean you'll spend more than you earn.

4. Buying a New Car

To continue reading, please go to the original article here:

https://www.investopedia.com/personal-finance/most-common-financial-mistakes/

What Happens to Your Bank Account After Death?

What Happens to Your Bank Account After Death?

Investopedia   Tue, June 13, 2023 By RAE HARTLEY BECK

After you die, several things can happen to your bank account, depending on your account type, how you’ve set up your account before your passing, and whether you’ve set up a will or trust.

Learn the common ways you can set up your account to make things as simple as possible after your passing and what will happen if you don’t set up anything beforehand.

Name Bank Account Beneficiaries

The easiest way to pass your bank account on to your heirs after your passing is to make sure you name payable-on-death (POD) or transfer-on-death (TOD) beneficiaries on your accounts. This ensures that they will not have to go through probate, which can take months. If you want money to go to your survivors in the simplest, quickest, and least stressful way possible, then you want to avoid probate as much as possible.

Once you have named a payable-on-death beneficiary, they will not have direct access to your money until you pass. You retain the ability to change the named payable-on-death beneficiary at any time. This option is frequently referred to as a “poor man’s trust” since it essentially acts as a trust that easily transfers money to the person you designate.

Additionally, you don’t have to set up a costly trust through a lawyer and potentially pay fees anytime you want to make changes.

If you have listed someone as a POD beneficiary on your account, then after your passing, all they will need to do to access the funds in the accounts is show a valid government ID and a copy of your death certificate.

 It is common practice for a bank to freeze an account upon notification of the account holder's death to prevent fraud. Therefore, it's important to have a payable on death (POD) beneficiary designated to ensure your money can be accessed by your loved ones if you pass away.

Have a Will

To continue reading, please go to the original article here:

https://www.investopedia.com/what-happens-to-your-bank-account-after-death-5217555?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral  

What Do Grown Children Really Owe Their Loving Parents?

What Do Grown Children Really Owe Their Loving Parents?

by Patrick A. Coleman Updated: May 23, 2023 Originally Published: Jan. 29, 2019

Children once owed parents labor and a legacy. Today, intergenerational debt is harder (and more emotionally taxing) to calculate.

Wondering what we owe our parents, whether emotionally or financially, is a modern philosophical luxury. Historically, children provided an early return on investment, working family farms, picking up industrial jobs, or, at the minimum, helping to raise other children. But much is given and little is expected from most children raised in 21st-century America.

For the most part, we do not ask kids to marry into alliances or assume titles or even, sadly, take over family businesses. This likely constitutes progress, but it confuses the ledger. Where the calculation of what was owed used to be a fairly simple, pay-it-forward list of social norms, modern arithmetic has become complicated, specifically for grown children, who are expected to live independent lives but also to demonstrate some fealty to their forebears.

With more independence and fewer expectations, what we owe our parents or our children’s grandparents is now calculated in man-hours and long-term investments. Do we owe them a call? Do we owe them Thanksgiving? Do we owe them weekends? Do we owe them end of life care? Do we owe them financial support? Do we owe them grandchildren?

Or do we owe them nothing?

The answers to this endless litany of questions seem to arise ad hoc, influenced by different ethnic, economic, and interpersonal experiences. We all find our own way. But, now, researchers and psychologists seem to have found some consistency in how people arrive at their answers that speak to a broader, emerging understanding of what is owed. Americans seem to believe that parents, by dint of being parents, deserve a relationship.

The question often becomes what kind of relationship. Modern philosophers have attempted to solve the conundrum by classifying four theories of what they call filial obligation: Debt Theory, Friendship Theory, Gratitude Theory and Special Goods Theory.

Debt Theory posits a simple if sometimes emotionally fraught transaction where children provide caring for parents only to the extent that they were cared for as a child. Friendship Theory suggests adult children only owe parents the same amount of care that they would owe a very good and close friend.

Gratitude Theory suggests that children care for parents because they are motivated by gratitude for selfless and benevolent child-rearing. Finally, Special Goods Theory suggests that children are obligated to offer only what they can uniquely offer — love or specific care in most cases — in direct exchange for what the parent has or currently offers (think: inheritance), but unlike in Debt Theory, this transaction is constant and open-ended.

Modern arithmetic has become complicated, specifically for grown children, who are expected to live independent lives but also to demonstrate some fealty to their forebears.

At the heart of all of these theories of familial obligation is some kind of emotional relationship. Whether it’s a feeling of closeness or obligation, this implies that these are not straight economic transactions. Transactions and economic reasoning may underpin parent-child relationships, but logic doesn’t crowd out emotion.

An interesting way to consider how emotional and economic reason can tangle is provided by the empirical economists Gary Becker and Nigel Tomes who created an economic model of wealth transmission based on the idea of capital investment.

To continue reading, please go to the original article here:

https://www.fatherly.com/life/what-grown-children-owe-parents-friendship-and-phone-call

Would You Honestly Hire The Federal Reserve To Manage Your Finances?

Would You Honestly Hire The Federal Reserve To Manage Your Finances?

June 12, 2023  By Simon Black Sovereign Man

On August 4, 1964, two US Navy destroyers were conducting intelligence patrols in the Gulf of Tonkin off the coast of Vietnam, when the task force commander grabbed the radio and reported that they were under attack by three North Vietnamese torpedo boats.

The news traveled very quickly all the way to the Pentagon, and Defense Secretary Robert McNamara briefed President Lyndon Johnson on the situation.

They demanded retaliation. And only a few days later, Congress passed the Gulf of Tonkin Resolution… which essentially authorized full blown military conflict in Vietnam.

The only problem, of course, is that the supposed August 4th attack in the Gulf of Tonkin never actually happened.

McNamara himself admitted decades later that the attack was made up, and a declassified report from the National Security Agency showed that there weren’t even any North Vietnamese patrol boats in the area.

Despite the complete fabrication, however, the US went on to engage in a long and costly war. And the man who headed up the effort was a four star general named William Westmoreland, a career officer who had been described by his Pentagon bosses as “the best we have, without question.”

Westmoreland aggressively expanded the war, increasing the number of American troops on the ground by nearly 50x. And he was constantly on TV telling the American public how great the war effort was going and predicted victory by 1967.

At first, everyone believed him. The government still had credibility back then, so few people questioned the commanding general’s assurance that the war was going well.

Westmoreland himself became wildly popular; Time magazine made him the “Man of the Year” in 1965, and his name was even thrown around as a potential candidate for US President.

Little by little, though, it became clear that the war in Vietnam was NOT going as well as Westmoreland had claimed. And in 1968 when the North Vietnamese launched a ferocious assault known as the Tet Offensive, it was obvious that America was losing.

People were shocked; Westmoreland had over 500,000 troops, vastly superior weapons technology, and nearly infinite financial resources at his disposal. And yet he still couldn’t win.

America’s reputation for invincibility was tarnished. The consequences for the US economy were devastating. Social chaos at home was rising-- in large part because of the failed war effort.

And the government’s credibility would never recover… also in large part to Westmoreland’s fabricated claims of success.

You’d think that a guy whose leadership had caused so much damage would have been fired swiftly. But Westmoreland not only kept his job… he was actually PROMOTED to Chief of Staff of the Army.

Sadly this is a common theme in government: failure is rarely punished. It is often rewarded.

The pandemic is a great example. There were so many colossal policy failures at every level of government, resulting in trillions of dollars of debt, supply chain dysfunction, a broken labor market, severe educational losses, a mental health crisis, and much more.

And yet there have been practically zero investigations, zero apologies, zero public inquiries. Most of the key architects of the worst policy ideas got to keep their jobs or retire with distinction on their own terms. Everyone else is still suffering the consequences.

The same can be said for the Federal Reserve and its handling of inflation.

Remember, as America’s central bank, the Federal Reserve was responsible for slashing interest rates to zero and flooding the US economy with a tidal wave of money in 2020 and 2021-- a time when the government was literally paying people to stay home and NOT work.

Even a high school economics student with a basic grasp of supply and demand could have seen inflation coming: when you pay people to NOT work, supply falls. When you give people free money, demand rises. Falling supply and rising demand mean higher prices. Duh.

I was one of the many people who predicted inflation as far back as April 2020.

Yet the Fed completely failed to anticipate it.

Then, when inflation started becoming a problem in early 2021, they failed to even acknowledge it.

Then when they finally acknowledged inflation, they failed to properly diagnose it… and instead labeled it as “transitory” (meaning that it would resolve itself and go away on its own).

Then, even after they stopped pretending that inflation was “transitory”, they failed to take any action to do anything about it while there was still time.

Then, once they finally did take action by aggressively raising interest rates at the fastest pace in decades, they failed to anticipate any negative consequences from doing that.

We’ve discussed before that one of the most important (and immediate) consequences of interest rate hikes is that banks tend to suffer heavy losses on their loan and bond portfolios.

And yet, just THREE DAYS before a wave of bank failures swept across the US financial system a few months ago, the chairman of the Federal Reserve insisted that everything was just fine.

Silicon Valley Bank went bust 72 hours later. And the Fed failed to see it coming.

This is especially problematic given that the Fed is one of the top regulators in the US banking system. One of the Fed’s key roles, in fact, is to supervise and monitor US banks for signs of problems.

Silicon Valley Bank’s problems didn’t pop up overnight; SVB had been reporting its losses to the Fed for several months prior to the bank’s collapse.

Yet the Fed STILL failed to anticipate any problems in the financial system.

It’s been three months since that debacle. US inflation is still way too high.

The underlying problem that caused the bank failures to begin with (major bond losses due to high interest rates) hasn’t gone away. In fact the FDIC recently estimated that banks’ unrealized losses now amount to more than $1 trillion.

Debt levels have gone sky high. The dollar is at serious risk of being replaced as the global reserve currency. And there’s more risk in the US financial system than there’s been in years.

So in short, the Fed failed to anticipate any problems. They haven’t solved any problems. And they’ve managed to create more problems.

But not one of them has been fired. And when the Fed meets tomorrow to decide what do with interest rates, the core leadership team will be largely the same people who have been consistently wrong for the past few years.

Ask yourself a serious question: would you really hire those people to manage your finances? Because if you hold 100% of your savings in US dollars, that’s essentially what you’re doing.

If your answers is “no”, then you may want to strongly consider owning some real assets… and especially gold.

Simon Black, Founder   Sovereign Man 

https://www.sovereignman.com/trends/would-you-honestly-hire-the-federal-reserve-to-manage-your-finances-147678/

Protecting Yourself Against Fraud

Protecting Yourself Against Fraud

Russ Wiles, Arizona Republic  Sun, June 11, 2023

Protecting Yourself Against Fraud, scams and identity theft is hard. These tips can help

Criminals aren't taking time off for the summer, and neither should you when it comes to protecting financial accounts. Keeping your guard up against fraud, scams and identity theft is a full-time pursuit.

The threats extend from divulging too much personal information to having your tax refund stolen. Here are some of the problems and some tips that can help:

Few good reasons to reveal your Social Security number

If a gym asked for your email password to sign you up for a membership, you likely would decline. But if the company asked for your Social Security number, you might provide it.

“From gym memberships to job applications, we treat this nine-digit number as a standard piece of information to hand out willingly,” said Raj Ananthanpillai, founder and CEO of Trua, an identification screening and verification company. “The odds are that you are trusting too many people with it.”

Ananthanpillai argues that consumers should divulge Social Security numbers much more carefully, partly because they can end up in data breaches. You should use your number only for purposes directly related to employment income, reporting/paying taxes and opening bank and other financial accounts, he said.

“For literally everyone else, I want you to ask them what the purpose is, ask them whom they will share it with (and) ask them how long it will be stored on their servers.”

Ananthanpillai’s company, Trua, collects vital information from customers, stores it and confirms identities when needed without revealing the underlying information. He acknowledges that it isn't always easy to decline requests for a Social Security number, but he suggests first asking if you can provide other, less-sensitive identifiers.

 “I’m not promising you that you will be able to avoid sharing your SSN, nor am I promising you that you will make a ton of friends in this process, but you will become a better advocate for yourself,” he said in a statement.

Even the threat of fraud can delay your tax refund

 To continue reading, please go to the original article here:

https://www.yahoo.com/news/protecting-yourself-against-fraud-scams-143026432.html

How To Tell a Friend: I Can’t Afford That

How To Tell a Friend: I Can’t Afford That

 By Kara

I am a formerly broke person who had to tell people for a period of time in my life: “I can’t afford that.” Money can be a really sensitive topic for a lot of people for a variety of reasons. So I think it’s really important that we all develop a way to talk about it without being accusatory, without being defensive, without being negative. Also without straying into toxic positivity.

It can be difficult to navigate financial conversations with loved ones, especially if there is a big financial or lifestyle difference. With rising cost of living and limited spaces to hang in public for free, money is very much a part of all of our friendships today. We have to be able to talk about it. It’s important to be honest about what you can and cannot afford, but you don’t want to hurt anyone’s feelings.

How to tell a friend: I can't afford that

You don’t owe anyone an explanation

First and foremost, it’s important to remember that your individual financial situation is your individual financial situation. You don’t owe anyone an explanation about why you can or can’t afford anything. You should never feel badly about setting financial boundaries in your life. If you need to hear someone say it, I’m saying it! It’s not only okay, but important to prioritize your own financial stability for your own future. It’s really important to make decisions that align with your lifestyle values.

Be clear and direct

So when you’re telling a friend or a family member that you can’t afford something, be clear and be direct. Don’t beat around the bush. Don’t be awkward about it. Because that just brings a tinge of awkwardness to everybody.

Start by thanking them for the invitation and acknowledging that you would love to attend. Then follow it up by saying, “Unfortunately, right now is just not the time.” Try to avoid using apologetic or overly apologetic language like, “I’m so sorry, I can’t do that. I’m such an asshole.” Don’t do that.

That brings up two really weird things. One, now you are making them emotionally responsible for you. They have to assure you, no, you’re not an asshole. Don’t worry about it, right? So that’s more labor, you’re asking for them. Two, it can come across as defensive because they invited you out. Now that’s kind of a weird dynamic. Instead, try to stress in the conversation that you love this person, you want to see this person and offer up a suggestion that works for you instead.

Give an alternative, budget situation

  To continue reading, please go to the original article here:

https://bravelygo.co/how-to-tell-a-friend-i-cant-afford-that/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-tell-a-friend-i-cant-afford-that

https://www.youtube.com/watch?v=uljPy15kotY

Begging to Differ

Begging to Differ

Jonathan Clements  |  Jun 10, 2023 Humble Dollar

DON’T ASSUME YOUR PATH up the mountain is one that everybody else should also follow.

I don’t budget, I earmark 80% of my retirement savings for stocks and I’m currently well above that level, I don’t have a separate emergency fund, I expect to live comfortably in retirement on half of what I currently earn, I plan to delay Social Security until age 70 and my stock market money is entirely in index funds, with roughly half allocated to foreign shares.

Should you blindly mimic what I do? Absolutely not.

It’s called personal finance for a reason: Everyone’s approach to managing money should reflect their personal goals, circumstances and emotional makeup. Yes, it’s interesting to get a glimpse into the financial life of others—a glimpse that’s regularly offered by HumbleDollar’s articles and by readers’ comments. Those glimpses give us a chance to reassess what we do and why, and we might pick up some useful ideas that’ll help us to better manage our money.

But make no mistake: When it comes to handling money, nobody has a monopoly on truth. Yes, logic and evidence favor certain courses of action, such as buying stocks if you have a long time horizon, holding down investment costs, diversifying, indexing, saving diligently, insuring against big financial risks and so on. But in the end, each of us has to tailor such advice to our individual financial life.

That’s why I grow concerned whenever I see folks insisting that their approach is not just right for them, but right for everybody else. Where does that unwavering conviction come from? Often, it seems to rest on one or more of the following six arguments:

1. “You should do this—because it’s what I did.” I see this phenomenon all the time. Those who claimed Social Security early insist it’s wrong to delay—and those who claimed late believe it’s wrong to claim early. Ditto for those who do or don’t budget, or do or don’t own individual stocks, or do or don’t have long-term-care insurance.

I view this as a form of anchoring. Many folks find it hard to set aside what they’ve done or currently do, and imagine that a different path might work just fine for others. I don’t budget and never have. But if others find it useful or comforting, what’s the harm? I avoid actively managed funds and individual stocks. But if others actively manage their portfolio, their returns are okay and it makes them more tenacious investors, who am I to object?

Want to know what really impresses me?

To continue reading, please go to the original article here:

https://humbledollar.com/2023/06/begging-to-differ/

‘Quit Saving Your Money’

‘Quit Saving Your Money’

Bethan Moorcraft   Thu, June 8, 2023

Financial guru Grant Cardone says there’s only 1 thing that will bring you true wealth — it's not your job or being cheap. Here's what it is and ways to do it

Real estate investment guru Grant Cardone says Americans should “quit saving” if they want to build true wealth.  Cardone, who goes by the nickname Uncle G, recently shared his two cents on Twitter: “That full-time job won’t bring you wealth. Saving, saving, saving won’t bring you wealth. Overspending won’t bring you wealth. Being scared won’t bring you wealth.”

There’s only one thing that will help you build real wealth “beyond millions of dollars,” according to Cardone. He says you need to invest.

“Quit saving your money,” Cardone says in a video he tweeted June 5. “That’s what my parents did. They saved money. They didn’t invest their money correctly. They didn’t take money [and] leverage it into real investments because they were terrified of losing their money.”

Cardone claims there are “asset classes out there where you can never lose your money” — such as real estate that generates cash flow and appreciates in value over time.

That advice comes as no surprise given that Cardone built a real estate empire — which he says contains almost eight thousand units of cash-flow-producing real estate, worth over $4 billion — from scratch.

Interested in emulating Cardone’s success? Here are three ways you can start investing in real estate without needing heaps of cash to get started.

Real Estate Investment Trusts

To continue reading, please go to the original article here:

https://finance.yahoo.com/news/quit-saving-money-financial-guru-143000488.html

Dave Ramsey's Top 10 Money Traps To Avoid

Dave Ramsey Just Shared His Top 10 Money Traps To Avoid — and You’ve Probably Fallen for Most of Them

Nicole Spector Thu, June 8, 2023

Personal finance guru Dave Ramsey is famous for his no-nonsense, tough-love insights. Not everyone agrees with him, but many of his hard-and-fast rules exist for good reason: to help people avoid losing or wasting money that could serve them in retirement. Are you paying heed to his wisdom? Here’s a look at 10 money traps to avoid, according to Dave Ramsey.

Payday Loans

Payday loans are advances on your next paycheck that people may take out when they’re running low on cash and can’t wait — or don’t want to wait until said paycheck arrives. It’s best to avoid these loans, convenient though they may be.

“Payday loans are a slippery slope into a debt-building cycle that isn’t easy to escape,” reads a post on the Ramsey Solutions website.

Whole Life Insurance

Whole-life insurance is the most common type of permanent life insurance, according to the Insurance Information Institute. It remains in effect as long as the insured individual continues paying their premiums, offering a specified death benefit and dividends on the savings portion of the policy. And according to Dave Ramsey, it’s terrible.

“We don’t want you to get ripped off, we do want to see your family well protected, and we for sure want your financial future to include wealth and the chance to become self-insured,” reads Ramsey Solutions blog post. “The only kind of policy that lets you hit all those goals is term life. But whole life misses the mark in every department.”

Debt Consolidation Loans

When steeped in high interest debt, consumers may opt for a debt consolidation loan. With this maneuver, a person combines several high-interest debts into one loan with a fixed monthly payment. Though they have proven to be helpful for many, Ramsey is staunchly against them.

In response to a reader of New Castle News in 2022, Ramsey shared the following:

 To continue reading, please go to the original article here:

https://finance.yahoo.com/news/dave-ramsey-just-shared-top-114744255.html

13 Things You Should Never Put in Your Will

13 Things You Should Never Put in Your Will

Jordan Rosenfeld  Wed, June 7, 2023

While nobody likes to think about their own end date, putting together a will and related legal documents makes it more likely that your loved ones will have the smoothest process handling your estate after death and that your wishes will be followed.

Writing a will is not as simple as just slapping together a list of desires, however; there are some things you should not put in your will. Estate planning experts explain which ones.

Joint Accounts

You don’t need to pass joint accounts or accounts with beneficiaries’ names already on them through your will because including them can lead to confusion and open the estate to potential litigation, according to Stuart Schoenfeld, a partner in the trusts and estates practice of Capell Barnett Matalon & Schoenfeld LLP in New York.

Schoenfeld said, “You don’t need to include assets like these that go directly to a beneficiary in your will because they pass automatically to the designee upon your death.”

Personal and Private Wishes

Wills should mostly be about transitioning assets from your estate to loved ones and beneficiaries, Schoenfeld explained.

“Wills are not the place to make a statement about family relations or to use as a platform to address personal issues from beyond the grave,” he said. “Why not use your will to settle old scores? Because your will is a public document, and people you don’t intend can see it.”

Business Interests for an Active Business

Don’t transfer business interests in your will, particularly a running business, Schoenfeld said, because it will be very difficult for that business to function while your estate is being settled.

He said, “Better to think in advance about an effective succession/estate plan to transition your business or your business interests.”

Life Insurance

Another thing to leave out of a will is your life insurance.

“If you are a high-net-worth individual with a taxable estate, it would not be wise to pass your life insurance policy through your will because you could forfeit up to half of it or a large percentage of it to estate taxes,” Schoenfeld said. “Pass on your life insurance policies through a life insurance trust.”

Secret or Secure Information

Wills go through a court procedure called probate, which involves a will being admitted into a court of law — a public process. That means people can access the court’s records, find the will and view the contents.

Asher Rubinstein — a trusts and estates, asset protection and tax law attorney with Gallet Dreyer & Berkey LLP in New York — said, “Therefore, wills should not include confidential information such as bank account numbers, access codes, PINs, passwords, keys to crypto, etc.”

Significant Assets Left to One’s Heirs

To continue reading, please go to the original article here:

https://finance.yahoo.com/news/13-things-never-put-175937710.html