As the new year begins, many of us are involved in taxes and insurance updates. One thing that can be easily over looked is Beneficiary Forms. Many of the financial agreements we enter ask for a Beneficiary. But has your life changed since you purchased that life insurance policy, started that IRA or opened that brokerage account? Unfortunately, these are often over looked agreements and only in the event of a death is it discovered that the beneficiary has never been updated.

Beneficiary designations can change for a variety of reasons; a divorce, a new marriage, reassigning assets to adult children, leaving a legacy for grandchildren.  All of these require an updated form because a will does not override a beneficiary form signed years ago. And most of all, please be sure to talk with your financial advisor and attorney to be sure that you are proceeding within the current law.

If you don’t have an advisor or an attorney, contact us at 214-342-3109. We work with these professionals and will be happy to refer you a competent professional.
Posted 4:42 PM

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019


View Mobile Version