How to Make Beneficiary Designations Better
September 8, 2020
Beneficiary mistakes can result in retirement plan assets being transferred to unintended beneficiaries.
Downs Law Firm, P.C.
Beneficiary designations
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What Should I Know about Beneficiaries?
August 11, 2020
When you open a financial account, you’re often asked to name a beneficiary. Simply stated, a beneficiary is someone who is entitled to the benefits of the account on the death of the account holder. For example, if you’ve purchased life insurance, you name a beneficiary who receives the benefits of the policy when you pass away.
Are My Beneficiary Designations Trouble?
May 27, 2020
Most consumers are familiar with the beneficiary designation form they complete when opening an IRA or 401(k). The form designates who receives the asset if the account owner dies. However, these forms can create confusion, unintended bequests, and family turmoil if not adequately monitored.
At What Age Do I Need a Will?
February 26, 2020
It’s never too early to start estate planning. If you already have a family, getting your personal affairs in order is a must. The sooner you start planning, the more prepared you will be for life’s unexpected twists and turns.
Two-Thirds of Americans Have No Estate Planning
October 17, 2019
Seventy-seven percent of respondents in a recent survey said estate and legacy strategies were important for everyone, not just wealthy individuals, yet only 24% said they had taken the basic step of designating beneficiaries for all of their accounts.
New Parent Estate Planning
October 3, 2019
There’s a lot of prep work to complete when you’re expecting a new baby. Expectant parents have a nursery to paint, strollers to buy, doctor’s appointments to attend, and nannies to hire.
How Should I Choose a Trustee?
July 18, 2019
Do not put off finalizing and signing your estate planning documents just because you have reached an impasse on who to name as trustee.
Select the Right Designated Beneficiary, Otherwise, Your Ex Will be Delighted
May 8, 2019
You may be surprised at how easy it is to make an expensive mistake with your beneficiary designations.
Can I Get Cash From a Life Insurance Policy?
April 22, 2019
In tough economic times, people are sometimes left scrambling for cash to meet everyday expenses and lifestyle demands. Your life insurance policy is a possible source of funds – but should you tap into it?
Intestate Succession and its Fallout
April 16, 2019
Truly, nearly every legal question depends on a host of facts and circumstances that make it impossible to guarantee a particular outcome … except in the case of my favorite question: ‘Do I need a will?’
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