You already know that naming beneficiaries for your retirement accounts, life insurance policies and other assets is a critical component of estate planning. We want to call out a few common gaps we see in this process so you can avoid unintended consequences regarding your estate.
Naming Unavailable Beneficiaries
Naming Outdated Beneficiaries
Not Naming Contingent Beneficiaries
Estate planning can be a complicated process, and oversights can be costly. If you want to review your current beneficiaries or think you may need to make a change to an existing beneficiary on an insurance policy or as part of your estate plan, let’s schedule a time to talk.
For discussion purposes only and in no way represents legal or tax advice. For advice regarding your specific circumstances, the services of an appropriate legal or tax advisor should be sought.
This material was developed and prepared by a third party for use by your Registered Representative. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. The content is developed from sources believed to be providing accurate information.
Avoid Common Missteps When Naming Beneficiaries
August 07, 2023