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Law and Financial Order
This podcast investigates and decodes topics related to financial planning, estate planning, and trusts. Hosted by financial planner, Robyn Wolcott and attorney, Erin Duques.
Law and Financial Order
Houston We Have a Minor Problem
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In the “Houston, We Have a Minor Problem” episode of Law and Financial Order, financial advisor Robyn Wolcott and attorney Erin Duques discuss the importance of planning ahead for your children’s future. They explain why it’s essential to choose not only who would care for your children, but also who would manage their finances if something happened to you.
The episode covers helpful planning tools such as trusts, Roth IRAs, 529 education savings plans, and UTMA custodial accounts, which allow adults to manage investments on behalf of a minor until they reach adulthood.
As always, every family’s situation is different, so it’s important to speak with your financial and legal professionals to determine the best approach for your family.