Legal

Wills and Beneficiaries

In today’s Dollar Stretcher email (www.stretcher.com) a poster stated that she hadn’t realized that beneficiaries on accounts override one’s Will. I knew that, and in fact I’m writing a mystery novel that hinges on the idea of a character promising to make someone the sole beneficiary of her Will, and she does, but her assets all have beneficiaries on them, so the heir by Will gets nothing.

It’s wise to periodically review your accounts to make sure your beneficiaries are still the people you want to have it, and for that matter are still alive.

IRA, 401k, POD stocks, real estate, bank accounts: Are you leaving them to the people you want to have them, or perhaps to a former spouse or deceased parent?

 

 

 

 

 

Marie Brack is the author of Frugal Living for the 21st Century: Adventures in Using Your Money Wisely. It’s available on Amazon.com in both Kindle and paperback versions.

Kindle preview: https://read.amazon.com/kp/embed?asin=B00HQKOQBG&asin=B00HQKOQBG&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_gITAxbZWT7SRJ

Paperback: https://www.amazon.com/s/ref=nb_sb_noss_2?url=search-alias%3Daps&field-keywords=marie+brack

Memorize a Phone Number!

I’m probably not the only one who relies on the Contacts list in my cell phone. When my previous phone suddenly and completely stopped working, immediately I didn’t have any of my contacts!  That experience taught me to keep a paper or Word document copy as well. I have some phone numbers on paper in my purse, too.

But what if you aren’t at home, and don’t have your paper copy with you? If you were stranded, a business might let you use their landline, but phone books are rapidly going out of style, and your friends’ cell numbers wouldn’t be in a phone book anyway.

I recently found out third hand that if you get arrested, they may not let you use your own cell phone. Once your phone is booked into their property hold, your contacts are gone with it. (Yes, I know you don’t plan to get arrested. It’s rarely a plan, and unexpected things can happen with traffic stops.) All those people you might have called are suddenly not available to you.

Who would come and bail you out? Who could come and get you if you were stranded? Better yet, who would call everyone you know until someone could help?

Memorize at least one person’s phone number.

Wonderful review

I am so moved by this review. “Tightwad Gazette of the 21st Century” is exactly what I wanted people to think about it:

“Great book!, February 18, 2014

By Lita McRiley “Sorlina”See all my reviews

Amazon Verified Purchase(What’s this?)

This review is from: Frugal Living for the 21st Century: Adventures in Using Your Money Wisely (Kindle Edition)

This book is jam-packed with tips, ideas, and strategies for saving money. It’s the Tightwad Gazette of the 21st century… internet addresses for DIY help, encouragement for readers, personal anecdotes, this book has it all. To top it off, it’s delivered in a light, easy to read style that isn’t preachy or judgmental. A very helpful, and enjoyable, read!”

The Tightwad Gazette has been the “bible” of thrifty living. My hope was to make it the ‘old testament’ and mine the ‘new testament’, and it seems I have succeeded.

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