You probably had no idea about just how many things can go wrong by listing the wrong person or a person who should no longer have this authority on your beneficiary designation forms.
There are some best practices that you can implement in your estate planning instead that could minimize the possibility for unfortunate and uncomfortable situations for your loved ones.
Most people are familiar with the beneficiary designation form, given that they would have come into contact with it when opening a 401(k), an IRA, or completing a life insurance policy application. This form designates who is eligible to receive that asset if the account owner passes away.
March 16, 2020 |
You probably had no idea about just how many things can go wrong by listing the wrong person or a person who should no longer ...
Learn MoreMarch 12, 2020 |
Every year Caring.com conducts a study to determine where people’s minds are at with regard to estate planning. There are many different questions asked inside ...
Learn MoreMarch 10, 2020 |
There are many complicated facets of estate planning that arise when marrying someone in mid-life. Keeping financial secrets and refusing to share your financial history ...
Learn MoreMarch 9, 2020 |
Do you have an annuity? Is this a financial tool you created for your own future but is something that was ultimately moved out of ...
Learn MoreMarch 3, 2020 |
Getting divorced late in your marriage, such as several decades in, can create significant complications for a retirement planning. One partner might have saved a ...
Learn MoreMarch 2, 2020 |
The loss of a loved one can be an emotional and overwhelming experience and it can feel very difficult to understand what you need to ...
Learn MoreFebruary 27, 2020 |
The picture below was taken at Six Flags Great Adventure on a ride called Kingda Ka. To protect the innocent, I blurred out the faces ...
Learn MoreFebruary 26, 2020 |
It’s very exciting to think about all of the possibilities ahead of you and your family when you have your first child, but in addition ...
Learn MoreFebruary 25, 2020 |
Today, thanks to the multitude of online resources and tools you can find about many different legal processes including estate planning, it’s easy to feel ...
Learn MoreFebruary 24, 2020 |
It’s the perfect time of year to incorporate your estate planning into the bigger picture. Estate planning requires a team approach and communication with all ...
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