While everyone should have their financial and legal affairs in order in case of sudden and untimely death, reader Charlie has to worry about this much too early in his life. He’s been told that he has only a few years to live, and wants to begin planning now to make his passing easier on his family and to provide for them.
“Maybe I should call the E*Trade Baby. He might give me better customer service.” Matt’s mother died last year and he has been trying since last year to liquidate her E*Trade CD and put it in the family trust. Every other financial institution has been able to liquidate the assets with no problem, but it seems after blowing their wad on funny Superbowl ads, E*Trade has nothing left over for customer service. Here’s Matt’s story, and our advice on how can get his problem fixed:
Don’t set up an irrevocable funeral trust through your insurance company, says MarketWatch columnist Chuck Jaffe.
Earlier this month, the media reported that dead scary lady Leona Helmsley left $12 million to her dog, presumably to ensure that Trouble is well cared for, but also to be humorously cruel to the two grandchildren who got nothing. This inspired USA Today’s “Your Money” columnist Sandra Block to list 3 ways you can plan for your pet’s continued care after you go to “have tea with Mrs. Helmsley” (we don’t want to upset the children in the room).