Handshake or Headache? Why Your Bank Account Belongs in a Living Trust
Update: 2025-07-14
Description
Can you just name one sibling as the "beneficiary" of your checking account and count on them to share the cash later? Technically—yes. Practically—prepare for drama. In this quick episode, we unpack the legal and family risks of relying on promises instead of your revocable living trust:
• Why "do-it-yourself" beneficiary shortcuts can sideline your true wishes
• How properly titling an account in your trust (or adding a pay-on-death tag that matches the trust) keeps probate and infighting at bay
• Real-world cautionary tales where a verbal "I'll divide it" splintered relationships—and assets
🎯 California residents—lock in your FREE Estate Planning Strategy Session here: calendly.com/mpevney/strategysession
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
