Financial institutions and brokerage firms occasionally recommend that client accounts be structured as joint or beneficiary-designated accounts without full consideration of the impact on the client’s estate plan....more
7/19/2021
/ Beneficiaries ,
Beneficiary Designations ,
Estate Planning ,
Financial Adviser ,
Financial Institutions ,
Life Insurance ,
Payable on Death Clauses ,
Personal Property ,
Retirement Plan ,
Transfer on Death Deed (TOD) ,
Wealth Management
Who really benefits? You may be surprised!
If you participate in a 401(k) or other retirement plan, have one or more IRA accounts, or life insurance policies, you need to designate beneficiaries to receive the benefits...more