Money Matters with Al & MikeMoney Matters with Al & Mike

02/28/26 Money Matters Legacy Issues

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Mike and Al unpacks what “legacy” really means - going beyond money to include values, family harmony, and charitable intent. They cover essentials like keeping wills/trusts current, aligning beneficiary designations and account titling, and preparing heirs with clear instructions to avoid probate surprises and conflict. Taxes get practical attention (step-up in basis, Roth vs. traditional inheritances, and when lifetime gifting or donor-advised funds make sense). The takeaway: document your wishes, communicate them early, and coordinate your estate, tax, and beneficiary plans so your legacy is carried out smoothly and intentionally.

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Money Matters with Al & Mike

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