Practical Estate Planning Tips Series 5 of 10

Tip #5:  Consolidate accounts.

The fewer accounts you have the easier it will be for you to manage as you get older and the easier it will be for your successor trustee. However, be aware of the FDIC rules regarding amounts protected in banks.  Currently, each depositor is insured to at least $250,000 per insured bank.  That's per bank, not per account. 

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