Becoming the executor of an estate or trust is a massive responsibility and far more time-consuming than most people realize. In this solo episode, I explain the realities of settling an estate from a financial advisor's perspective.

I talk about some tips and a guide for handling the paperwork, dealing with financial institutions, and managing inherited assets without losing your sanity. Whether you are dealing with banks, tracking down death certificates, or coordinating with beneficiaries, this episode provides some perspective on a complicated process.

In this episode, you'll learn:

• How long you should expect settling an estate to take (and how to manage family expectations)
• Practical strategies for dealing with financial institutions and customer service reps
• Tips for handling IRAs, annuities, and inherited bank accounts
• Paperwork management tips to prevent claim denials and delays

Taking on this role is a real commitment, but with the right mindset and approach, you can get through it. If you’re in this position now, remember to breathe and take it one day, one form, one call at a time.

If you’re navigating an estate and have questions, feel free to book a 15-minute consult with me. I’m here to help if you need it.

If you enjoyed this episode, please leave a review. Your support helps others discover the show.

Follow for more financial tips:

• Subscribe to the Podcast: https://pod.link/1671924778
• Facebook: https://www.facebook.com/theunconventionalinvestorpodcast
• Instagram: https://www.instagram.com/michelle.e.moses
• Book a 15-minute consultation with Michelle: https://www.mefinancial.net/contact-us

Disclaimer:

The information discussed in this podcast is for educational and informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, investments, or financial instruments. Private placements and alternative investments are speculative and involve significant risks, including the potential loss of your entire investment. These investments are often illiquid, meaning they may not be easily sold or converted to cash, and investors should be prepared to hold them for an extended period of time. These opportunities are typically suitable only for accredited investors and may not be appropriate for all listeners. Always consult with a qualified financial advisor, attorney, or tax professional before making any investment decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.

Have you ever found yourself stressing over a large financial purchase and wanting to make the best financial decision? Making money decisions can feel overwhelming, especially when looking at the numbers with your lifestyle and emotions.

In this week’s solo episode, I walk you through my real-life process for making big-ticket money decisions, the scenarios I analyzed, the stress and emotions I felt, and the strategies that ultimately gave me clarity and confidence.

Key Takeaways:

• Run multiple scenarios: Don't settle on the first option. Explore different purchasing methods, financing options, and what-ifs to understand the full impact on your finances and lifestyle. This process will give you clarity and a sense of control.
• Check in with your emotions: It's not just about the math. Tune into how each option makes you feel, not just today but in the months and years ahead. If you feel stressed imagining a future with higher payments, consider alternative choices that suit your comfort level.
• Prioritize lifestyle over status: Focus on spending in ways that maintain your financial freedom and let you live the life you want—whether that means keeping cash reserves strong, avoiding monthly payments, or enjoying flexibility in your budget.

Before making a major financial decision, walk through as many possible scenarios as you can. Don’t just look at the price tag, but consider how it feels to live with the payments and what you might be giving up in return. Only you know what truly feels “rich and worry-free” for your family.

Listen to this week’s full episode to learn about my personal approach to making big financial decisions.

If you enjoyed this episode, please follow and leave a review. Your support helps others discover the show.

Follow for more financial tips:

· Subscribe to the Podcast: https://pod.link/1671924778

· YouTube: https://www.youtube.com/@theunconventionalinvestor

· Instagram: https://www.instagram.com/michelle.e.moses

· Book a 15-minute consultation with Michelle: https://www.mefinancial.net/contact-us

Disclaimer:

The information discussed in this podcast is for educational and informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, investments, or financial instruments. Private placements and alternative investments are speculative and involve significant risks, including the potential loss of your entire investment. These investments are often illiquid, meaning they may not be easily sold or converted to cash, and investors should be prepared to hold them for an extended period of time. These opportunities are typically suitable only for accredited investors and may not be appropriate for all listeners. Always consult with a qualified financial advisor, attorney, or tax professional before making any investment decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.

Would you like to simplify your retirement planning and create income you don't worry about? This episode is a revisit of my “buckets of money” approach to retirement income planning. This system divides your assets into short-, mid-, and long-term buckets, giving you a simple way to organize your money, create clarity around your investments for that money, and allows you to feel more confident about your retirement.

I’ve seen how much anxiety can come from having all your retirement assets sitting in one large investment account and then hoping for a great market performance. The buckets approach gives retirees a different way to think about their money, one that can make their retirement plan easier to understand and easier to live with. All of my clients who have adopted this approach tell me they love the simplicity of it and they remember how to do it, without a refresher - it really is that easy!

Key Takeaways:

• Know Your Needs: To begin this approach, you'll need to know how much monthly income you need to live on. We can subtract out your Social Security benefits to get what you'll need to withdraw.
• Stress-Free Living: This approach is meant to have you sleeping like you did prior to retirement, not worrying about your money and the market.
• Keep It Flexible: Your plan isn’t set in stone! Revisit your income needs, adjust your buckets as life changes, and make use of side accounts for travel or unexpected expenses.

Want to learn the full process? Listen to my latest podcast episode or reach out if you want to see how this could work for you!

If you enjoyed this episode, please follow and leave a review. Your support helps others discover the show.

Follow for more financial tips:

Subscribe to the Podcast: https://pod.link/1671924778

Facebook: https://www.facebook.com/theunconventionalinvestorpodcast

Instagram: https://www.instagram.com/michelle.e.moses

YouTube: https://www.youtube.com/@theunconventionalinvestor

Book a 15-minute consultation with Michelle: https://www.mefinancial.net/contact-us

Disclaimer:

The information discussed in this podcast is for educational and informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, investments, or financial instruments. Private placements and alternative investments are speculative and involve significant risks, including the potential loss of your entire investment. These investments are often illiquid, meaning they may not be easily sold or converted to cash, and investors should be prepared to hold them for an extended period of time. These opportunities are typically suitable only for accredited investors and may not be appropriate for all listeners. Always consult with a qualified financial advisor, attorney, or tax professional before making any investment decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.