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Konten disediakan oleh Ralph V. Estep, Jr. and Ralph V. Estep. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Ralph V. Estep, Jr. and Ralph V. Estep atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
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Should I have joint accounts with my children or rely on a Power of Attorney?

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Manage episode 442408534 series 1791561
Konten disediakan oleh Ralph V. Estep, Jr. and Ralph V. Estep. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Ralph V. Estep, Jr. and Ralph V. Estep atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

Have you ever considered how a single financial decision could jeopardize your relationship with your child? In this episode of The Ask Ralph Podcast, Ralph Estep Jr. tackles a question many listeners are facing: Should I have joint accounts with my children or rely on a Power of Attorney? Ralph shares a real-life story of a mother and daughter whose close bond was shattered by financial disaster after opening a joint account together. If you're unsure about the best way to protect your finances while maintaining family harmony, this episode provides valuable insights to help you make an informed decision. Tune in to learn how to navigate this sensitive issue with care and confidence. Making the Right Financial Decisions with Ralph Estep Jr.

In this episode, Ralph tackles the complexities of sharing a bank account with an adult child and the potential risks involved. He explains the advantages of using a power of attorney instead, detailing how it provides more control over your finances while offering protection against potential misuse. Through real-life examples and practical advice, Ralph empowers listeners to safeguard their finances and avoid common pitfalls arising from joint accounts.

https://www.askralphpodcast.com/power-of-attorney/

Podcast Shownotes:

00:00 Introduction

01:01 Listener's Question

01:53 Bible Verse

02:33 Real-Life Story: Debra’s Experience

05:55 What is Power of Attorney?

06:41 Two Types of Powers of Attorney

08:27 Actionable Steps to Protect Yourself - #1 Consult with a Lawyer

09:05 #2 Choose Your Agent Wisely

10:25 #3 Be Specific: Clearly Outline What Powers You are Granting

10:46 #4 Review and Update Regularly

11:46 $5 Communicate Openly

12:28 Recap and Closing

Websites Mentioned:

https://www.askralphpodcast.com/estate-planning-chat-with-attorney-kevin-baird/

https://www.askralphpodcast.com/common-estate-planning-mistakes/

What is your question that you would like to ask Ralph? Send Your Question here: https://justaskralph.com/

Join our email list and get a free copy of “Mastering Your Finances” at https://askralph.com/

Schedule Appointment with Saggio Management Group, Inc. https://app.acuityscheduling.com/schedule/fabfb9f2/appointment/8258839/calendar/2141336?appointmentTypeIds[]=8258839

TAKE OUR LISTENER SURVEY - YOU COULD WIN $250

LISTEN NOW

WATCH NOW ON YOUTUBE (OUR VIDEO VERSION)

WATCH NOW ON RUMBLE (OUR VIDEO VERSION)

VISIT OUR ASK RALPH SHOW GEAR STORE FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES"

JOIN OUR FACEBOOK INSIDERS GROUP

Please share our Podcast with all your friends and family!

Submit your questions or ideas for future shows - email us at

ralph@askralph.com or leave a voicemail message on our podcast page

Leave A Voicemail Message

Like us on Facebook and follow us on Facebook at

https://www.facebook.com/askralphmedia Twitter (@askralphmedia) or visit www.askralphpodcast.com for more information.

To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to www.askralph.com for more information!

Buy Ralph's Book - Mastering Your Finances! on Amazon

Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journey on Amazon

  continue reading

562 episode

Artwork
iconBagikan
 
Manage episode 442408534 series 1791561
Konten disediakan oleh Ralph V. Estep, Jr. and Ralph V. Estep. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Ralph V. Estep, Jr. and Ralph V. Estep atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

Have you ever considered how a single financial decision could jeopardize your relationship with your child? In this episode of The Ask Ralph Podcast, Ralph Estep Jr. tackles a question many listeners are facing: Should I have joint accounts with my children or rely on a Power of Attorney? Ralph shares a real-life story of a mother and daughter whose close bond was shattered by financial disaster after opening a joint account together. If you're unsure about the best way to protect your finances while maintaining family harmony, this episode provides valuable insights to help you make an informed decision. Tune in to learn how to navigate this sensitive issue with care and confidence. Making the Right Financial Decisions with Ralph Estep Jr.

In this episode, Ralph tackles the complexities of sharing a bank account with an adult child and the potential risks involved. He explains the advantages of using a power of attorney instead, detailing how it provides more control over your finances while offering protection against potential misuse. Through real-life examples and practical advice, Ralph empowers listeners to safeguard their finances and avoid common pitfalls arising from joint accounts.

https://www.askralphpodcast.com/power-of-attorney/

Podcast Shownotes:

00:00 Introduction

01:01 Listener's Question

01:53 Bible Verse

02:33 Real-Life Story: Debra’s Experience

05:55 What is Power of Attorney?

06:41 Two Types of Powers of Attorney

08:27 Actionable Steps to Protect Yourself - #1 Consult with a Lawyer

09:05 #2 Choose Your Agent Wisely

10:25 #3 Be Specific: Clearly Outline What Powers You are Granting

10:46 #4 Review and Update Regularly

11:46 $5 Communicate Openly

12:28 Recap and Closing

Websites Mentioned:

https://www.askralphpodcast.com/estate-planning-chat-with-attorney-kevin-baird/

https://www.askralphpodcast.com/common-estate-planning-mistakes/

What is your question that you would like to ask Ralph? Send Your Question here: https://justaskralph.com/

Join our email list and get a free copy of “Mastering Your Finances” at https://askralph.com/

Schedule Appointment with Saggio Management Group, Inc. https://app.acuityscheduling.com/schedule/fabfb9f2/appointment/8258839/calendar/2141336?appointmentTypeIds[]=8258839

TAKE OUR LISTENER SURVEY - YOU COULD WIN $250

LISTEN NOW

WATCH NOW ON YOUTUBE (OUR VIDEO VERSION)

WATCH NOW ON RUMBLE (OUR VIDEO VERSION)

VISIT OUR ASK RALPH SHOW GEAR STORE FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES"

JOIN OUR FACEBOOK INSIDERS GROUP

Please share our Podcast with all your friends and family!

Submit your questions or ideas for future shows - email us at

ralph@askralph.com or leave a voicemail message on our podcast page

Leave A Voicemail Message

Like us on Facebook and follow us on Facebook at

https://www.facebook.com/askralphmedia Twitter (@askralphmedia) or visit www.askralphpodcast.com for more information.

To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to www.askralph.com for more information!

Buy Ralph's Book - Mastering Your Finances! on Amazon

Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journey on Amazon

  continue reading

562 episode

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