When creating a will one of the most important decisions to make is who to name as your executor. [Another very important decision is who to choose as a guardian for your minor children, which we will discuss in a future blog post]. Executors have many essential responsibilities including: preparing an inventory of the estate, […]

I never meant you any sorrow, I never meant to cause you any pain. “Purple Rain” by Prince and the Revolution.   Recently, millions mourned the passing of legendary musician Prince. Unmarried and childless, his death has many wondering who will inherit his money and who will manage his music and brand. During his lifetime, […]

This post is a follow up to our prior discussion of the importance of beneficiary designations https://oakfingroup.com/importance-designation-beneficiaries-retirement-accounts-part/. Let’s turn our attention to understanding how they work with retirement accounts. There are two basic types of beneficiaries – primary and contingent. Primary beneficiaries are the account owner’s first choices to inherit the retirement assets. Contingent beneficiaries are […]

We all care about our own financial well-being and that of our families. It is why we save and invest our hard earned money for retirement and beyond. It is why we have life insurance, Wills, and estate plans. Who does not want to do everything possible to provide for their loved ones? With that […]

Oak Financial Group has been writing a quarterly newsletter for our clients as far back as we can remember. We have decided that we’d like to have an additional way of communicating and have added blogging to our resume. Our plan is to still have our newsletter published quarterly, however now we will sweeten the deal with this blog. Our goal is to […]