Wine, Women & Wealth April 2016 – Who gets Grandma’s Yellow Pie Plate?

Here in the U.S. it’s a few days away from the tax deadline. So a lot of invitees to this month’s Wine, Women & Wealth seminar might have looked at the title and wondered, “How is this one worth my time when I have to get my taxes done by Monday?”


Well it was worth it and it had a little tax fact that I had forgotten about. But more on that later.

The first speaker was Charlsey Baumeier from NetLaw. For more about NetLaw watch the video below.

Charlsey brought up an eye-opening fact in her presentation. All you parents who have bright-eyed 18 year-olds about to graduate & head of to college, what if they have a medical emergency? Will you be able to make medical decisions for them if they are unable to? From a legal standpoint the answer is no unless they have stated that you are their healthcare surrogate. That healthcare surrogate paperwork is included in the NetLaw package.

So what about the yellow pie plate? So many families experience additional turmoil when a loved one dies fighting over belongings because there is no will to state who gets what. A will is another one of the documents that comes with the NetLaw package.

OK back to the tax fact that I had forgotten about: the IRS still wants their money even in the year that you die. Who’s going to be left with that burden in your family? Have you decided yet? And will there be Money to handle it after your funeral expenses? If you don’t have a plan, speak to financial advisor and begin working on one. Need a financial professional? Contact Marie Edwards.

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