Q. I’m having baby. We’re not married yet, but I think we will be in the next year or so. What documents do I need to make sure I have so that I know the mother of the baby will get my stuff if something happens to me since we’re not married yet? Then when do we need to change when we get married? — Thinking
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The typical inheritance isn’t huge, but research going around the industry now indicates that a lot of little bequests are being squandered fast. Even when big bequests above $100,000 are at stake, all the money disappears 18% of the time. The heirs spend it all and end up without a lot to show for it. Reports show lump-sum distributions for retirees are similarly bad. For about 7 million Americans, the fruits of decades of painstaking money management will evaporate fast. Don't let your financial resources go down the drain. Engage an experienced fee-only financial planner and investment advisor to help you make sound decisions with your money. Continue reading for more sobering statistics.
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