DO YOU KNOW if your beneficiary designations are up to date?
If you are thinking, “You know…I’m not totally sure,” it’s time to review your beneficiary designations on IRA, 401K, life insurance, long-term care policy, or annuity accounts.
Consider changes in your life over the last five or ten years. Did you move, change jobs, get married or divorced, have a child or grandchild? Have any beneficiaries passed away or moved out of your life? Have your priorities changed? Naming a beneficiary helps to keep these assets out of probate when you pass away.
Take time to review your beneficiary designations to make sure your assets are set to transfer to the people or institutions you prefer.
If you would like an estate plan, or insurance review, we can refer you to one of our business partners for assistance. If you would like to discuss the tax implications, please contact us at [email protected] or 714-841-9710.
Consider changes in your life over the last five or ten years. Did you move, change jobs, get married or divorced, have a child or grandchild? Have any beneficiaries passed away or moved out of your life? Have your priorities changed? Naming a beneficiary helps to keep these assets out of probate when you pass away.
Take time to review your beneficiary designations to make sure your assets are set to transfer to the people or institutions you prefer.
If you would like an estate plan, or insurance review, we can refer you to one of our business partners for assistance. If you would like to discuss the tax implications, please contact us at [email protected] or 714-841-9710.