Key Takeaways Beneficiary designations on retirement accounts override your will when it's time to determine who inherits your funds.Many people forget to update beneficiary forms, which leads to ...

Beneficiary designations are an essential component of every estate plan; however, these designations are often overlooked. As a bit of background, there is a distinction between probate assets and ...

A beneficiary designation is a document — usually a simple form — that tells a financial institution or insurance company who ...

Most parties know the importance of saving original wills. They are executed with great formality, notarized, and regarded as the final work in distribution of property. What many, if not most, people ...

Some financial products like life insurance or tax-advantaged retirement accounts require you to name one or more beneficiaries. However, that's not the case with many assets. For instance, you can ...

Love may fade, but beneficiary designations do not. That was the hard lesson learned in a legal dispute between a man’s estate and his ex-spouse ...

Beneficiary designations are often overlooked and neglected during the estate planning process. A client may execute a will or create a trust and simply assume that their retirement accounts will pass ...

Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas including investing, insurance portfolio management, finance and accounting, personal investment and financial ...

A common estate planning misconception is that a last will and testament will control all assets that an individual owns at the time of their death. There are primarily two classifications of assets ...

A variety of financial accounts, including retirement plans and life insurance, allow individuals to designate beneficiaries. Whoever is named on a beneficiary designation form will receive those ...

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Seg funds can function as quasi-trusts Some clients who ask for a trust don’t need one, says Jos Herman, founder of Resources ...