If You Have Over $250,000, Should You Split That up Amongst Banks?

Weekly Wednesday Wisdom Webinars August 2, 2023


Certified Elder Law Attorney and Certified Financial Advisor Chris Berry of Castle Wealth Group answers questions on retirement and estate planning every Wednesday at 1pm www.wisdomwebinar.com to register or give our office a call at 844-885-4200.

Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning, and tax planning from Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi offices.

In this week’s webinar, Attorney and Advisor Chris Berry of www.castlewealthlegal.com answers the below questions.

  • 2:24 How to set up a Trust? What assets should be in your name and what assets should be in the trust?
  • 9:05 Must I have an accounting of the value of the estate before or as part of the agreement to alter my shares to specific beneficiaries? Does the probate court require that I know the amount I am giving away?
  • 14:00 If you have over $250,000, should you split that up amongst banks?
  • 15:05 If I put my Roth into a Trust account, does the 5-year-old rule come into play?

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