Your Guide:

A lot of people believe that everything should go into a trust once you’ve set it up, and while that sounds logical, the answer is actually no. Not everything belongs in your trust, and getting it wrong could lead to headaches, probate delays, or even tax trouble. So today, we’ve invited estate planning attorney Connor Kelley to break down the four big ones you want to be careful with: retirement accounts, vehicles, life insurance, and checking accounts.

Together, we’ll walk through four specific types of accounts or assets you should think twice about and what to do instead. From IRAs and insurance policies to vehicles and your daily checking account, Connor breaks down the practical, legal, and tax reasons behind these decisions. You’ll also hear key tips for naming beneficiaries, using TODs effectively, and avoiding common banking missteps that can frustrate your loved ones after you’re gone.

Estate planning can be complex and understanding what assets to include in your trust is crucial so join us to ensure your plan is both efficient and effective.

Here’s what we cover in this episode:

📜 Why IRAs and 401(k)s don’t belong in your trust
🚗 The surprising reasons to keep vehicles out of it
💸 How to handle life insurance the smart way
🏦 What to do with your checking account instead of retitling it
👨‍👩‍⚖️ The benefit of working with a coordinated financial and legal team

0:00 – Intro

1:47 – Retirement accounts

4:41 – Vehicles

7:58 – Life insurance

12:24 – Checking account

14:08 – Final Thoughts