The Mental Health and Wealth Show is hosted by Melanie Lockert, author of Dear Debt and founder of Lola Retreat. The podcast covers all things money and mental health. On the show, Melanie interviews mental health professionals, financial professionals, and people who share their struggles with money and mental health.
http://mhawshow.libsyn.com/website
episode 31: What You Should Know About Death and Taxes: An Interview with Eric Nisall
There are two certainties in life – death and taxes. Learn more about these sensitive subjects as I talk with my very own accountant Eric Nisall. Eric is a blogger and founder of Accountlancer.com which provides accounting and tax consulting services for all freelancers. Learn how he dealt with financial matters after his brother suddenly passed away and what you should know about protecting your money in life and in death.
Timestamps
2:19 - How the sudden death of his brother affected Eric’s mental health
5:14 - What we can do to support someone who’s dealing with the sudden death of a loved one especially if the cause is unknown
06:45 - How Eric handled his brother’s stuff and financial accounts
11:48 - What probate means and how to do it, why it’s important to name beneficiaries for all your accounts plus the importance of will
16:07 - How you can list your beneficiaries online and why it is important to continually review them
19:11 - On power of attorney, estate accounts and estate taxes
21:45 - Why it’s important to talk to tax professionals for financial advice
23:27 - When taxes are applicable for inherited money and how to handle taxes
25:06 - Preparations we can make today to make matters easier for our family in the event of our death
32:00 - All about found money and how to search for money under you or your family’s name plus how Eric was able to heal
34:23 - The importance of life insurance even for single people
40:00 - All the works involved in dealing with death and filing taxes
Resources
- LastPass
- Fabric
- Tomorrow
- Haven Life Insurance - check out your prospective rates
- Income Tax Return Basics Everyone Should Know To Avoid Worry
- Where To Find State Income Tax & State Refund Info
- Unclaimed Property: How To Get Your Lost Money Back
- Why A Beneficiary Should Always Be Named On Financial Accounts
Connect with Eric
- ericnisall.com
- accountlancer.com
- understandfinances.com
Connect with Melanie
- mentalhealthandwealth.com
- melanielockert.com
- Contact: mentalhealthandwealthshow@gmail.com
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