This video clip is humorous, in an apocalyptic sort of way, discussing a new requirement for banks to plan their own demise. Why not tell the Federal Reserve to step up its own end-of-life planning? You or your children may be the ones asked to pull the plug.
A pile of documents is not an effective estate plan. You need to learn how these documents work and stay up to date on changes in the law, changes in your family, and changes in your assets. You also need to educate those left behind so they can responsibly settle your estate, or make decisions for you when you've lost it and lack the capacity to make decisions for yourself. Like the Fed.
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