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Check Your List, and Check It Twice

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“He said, she said.”

“It’s your word against mine.”

“But he said…”

These commonly said phrases don’t have much ground to stand on, do they?

It’s common that very important things get overlooked when serious actions are taking place. In this article we found, a father and his two daughters were going over financial arrangements for when he dies. One daughter was appointed the signatory of the bank account for bills; whatever money is left over, the two daughters can split.

Now, here’s where “double checking” could have saved A LOT of trouble. After the unfortunate death of their father, the daughter that was not the signatory of the account noticed that the other had actually become the owner of the account…and kept all $100,000 to herself, including reimbursement for the bills out of another asset of the estate. To add on top that “double checking,” there was no will to support what was originally planned.

Read the full article here to see what advice The Moneyologist had to give on this situation!

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