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

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