Beneficiary Designations: Do's and Don'ts
How you handle the beneficiary designations on your life insurance and retirement accounts can be just as important as naming the beneficiaries of your probate estate in your last will and testament.
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How you handle the beneficiary designations on your life insurance and retirement accounts can be just as important as naming the beneficiaries of your probate estate in your last will and testament.
A recent article in The Wall Street Journal about including your digital assets in your estate planning got me thinking about how electronic files and communications are becoming integral to our everyday lives.
My law practice has been concentrated on estate planning since about 1992. I have had plenty of time to see clients five to ten years after the completion of their wills and other estate plan documents.
A retirement account can be the key to long-term financial security. It also can be a person's largest financial asset, if not in the present at least in the future.
It is such a simple question when you are completing a life insurance policy application. Who do you want to receive the death benefit in the event of your death?
Let's face it. We are all getting older. Life gives all those under the age of 30 a psychological "immunity" to any worry about that fact of life.
One estate planning tool that gets an inordinate amount of attention in the popular press is the "living trust." From some articles one would think that this one legal instrument can cure every estate planning problem.
It is a good news/bad news joke. The good news is that people are living longer. The bad news is that people are living longer - and when they get "too" old they are not able to live independently.
When I first wrote my newspaper column about "saving for college" it was August, the time for many students to leave for a new year in college. It was too late for those students to start a college fund to pay tuition costs for that year.