Feng Shui Your Financial House — Day 17

𝐘𝐎𝐔𝐑 𝐃𝐀𝐘 𝟏𝟕 𝐓𝐀𝐒𝐊 𝐈𝐒 𝐓𝐎 𝐔𝐏𝐃𝐀𝐓𝐄 𝐘𝐎𝐔𝐑 𝐁𝐄𝐍𝐄𝐅𝐈𝐂𝐈𝐀𝐑𝐈𝐄𝐒.

Make sure all your bank, brokerage, retirement accounts, and life insurance policies designate the right person (people) to get the proceeds when you kick the bucket.

Don’t assume an updated will trumps an outdated beneficiary designation.

𝐇𝐞𝐫𝐞’𝐬 𝐰𝐡𝐲 𝐢𝐭 𝐦𝐚𝐭𝐭𝐞𝐫𝐬:

I want you to live long and prosper.

But as you know, the only certain thing in life is that everything is uncertain, with one notable exception.

𝐃𝐞𝐚𝐭𝐡.

When it comes to our physical incarnation, death is a 100% certain.

However, you get one last chance to boss people around.

𝐘𝐨𝐮 𝐝𝐢𝐜𝐭𝐚𝐭𝐞 𝐰𝐡𝐨 𝐠𝐞𝐭𝐬 𝐰𝐡𝐚𝐭 𝐰𝐡𝐞𝐧 𝐲𝐨𝐮 “𝐬𝐡𝐮𝐟𝐟𝐥𝐞 𝐨𝐟𝐟 𝐭𝐡𝐢𝐬 𝐦𝐨𝐫𝐭𝐚𝐥 𝐜𝐨𝐢𝐥.”

Everywhere you stash your stuff, name your beneficiaries. As much as the guardians of your wealth would love to keep your money, they can’t.

𝐂𝐇𝐄𝐂𝐊 𝐘𝐎𝐔𝐑 𝐁𝐄𝐍𝐄𝐅𝐈𝐂𝐈𝐀𝐑𝐘 𝐃𝐄𝐒𝐈𝐆𝐍𝐀𝐓𝐈𝐎𝐍 𝐎𝐍 𝐘𝐎𝐔𝐑:

𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐬 — If you have big bucks and a will, check with your lawyer about what’s preferable —…