Podcast

You can have the will, the beneficiaries, the trust, and still get blindsided when someone dies. Bank accounts can freeze, automatic payments can stop, and suddenly the grieving person is also trying to keep the financial wheels turning.

Stacy sits down with accountant Evan Gilder to unpack the practical money issues families often don’t hear about during estate planning, from frozen accounts and probate delays to beneficiary mistakes and unclaimed funds.

You’ll hear them discuss:

• Why individual bank accounts may be frozen after someone dies, and how that can disrupt mortgage payments, utilities, taxes, and other everyday expenses
• How joint accounts can make things easier, plus some of the complications families may still run into when accounts and assets are held at the same institution
• What happens when a power of attorney ends at death and why access to money can become much more complicated than families expect
• Ways families may handle essential expenses while waiting for probate or an estate account to be established and why keeping good records matters
• Why retirement account beneficiaries deserve regular checkups, especially after divorce, death, or other major family changes
• How unclaimed funds end up with the state, where to look for money tied to old addresses or previous states of residence, and why it’s worth doing the search yourself
• How thoughtful planning before a crisis can help families manage the paperwork, financial decisions, and unexpected problems that come with caring for someone and settling their affairs

Resources

Evan Gilder on Redlig Financial Services | LinkedIn | Email: e.gilder@redlig.com | Phone: 646-827-3600

New York State Unclaimed Funds – https://www.osc.ny.gov/unclaimed-funds

Stacy Francis on LinkedIn | X(Twitter) | Email

FrancisFinancial.com

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