Naming a Minor as Beneficiary?
July 11, 2023
You should not name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies.
Downs Law Firm, P.C.
Will
Battle Over Lisa Marie Presley Estate
March 14, 2023
A badly in debt woman dies leaving the proceeds of substantial insurance policies to her children only to have her trust contested by relatives who claim an amendment naming the children as beneficiaries is invalid with no witnesses, misspelled names, suspicious signatures and was never given to previous trustees for review as required by agreement. A long, expensive, and protracted legal battle likely is brewing.
Four Estate Planning Myths To Debunk
February 21, 2023
While thinking about legacy planning can be unpleasant because it involves discussions about incapacity or mortality, it’s an important aspect of good financial planning that shouldn’t be ignored.
Joyful End-of-Life Planning
February 8, 2023
It isn’t just about wills and funerals—it is a reflection of your values, your goals for healthy aging, and the hopes and dreams you have for those you love.
Can You Prevent a Will Contest?
December 8, 2022
From contentious relatives to scam artists, wills are not immune to the threat of a contest. If you have an inkling such a fight could be in your estate’s future, here are some ways to limit the risk.
Estate Planning for Living
September 2, 2022
Does a person need a Power of Attorney document if that person already has a Last Will and Testament (‘Will’)? It is a critical piece of the planning puzzle.
Estate Planning as an Unmarried Couple?
July 21, 2022
All couples can now take advantage of tax benefits for married partners, pass assets from one spouse to another with ease and qualify for Social Security spousal and survivor benefits. However, not all couples want to get married.
Who knows “Where Your Money Is?”
December 2, 2021
Even those who have saved and invested well may not be sharing their financial information with a spouse or loved one. It’s time to do that now.
Should I Add a Child to My Bank Account?
November 2, 2021
Would your loved ones have necessary access to your bank accounts after you die to help carry out your last wishes and handle arrangements?
Beneficiary Designations Override a Will
August 9, 2021
Beneficiaries, in general, are people or entities that the holder of an account designates to receive the assets in the account, typically, in the event of the account holder’s death.
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