Naming contingent beneficiaries is a key step in estate planning. In athletic competition, it is not enough to have one star player. Illness or injury
Estate planning is fraught with myths. What people believe influences what they do. For example, children who think monsters are under their beds tend to
Making mistakes on beneficiary designations is common. Preparing for death is an unpleasant reality. For this reason, people often avoid estate planning. When taking action
Failing to name a life insurance beneficiary can cause significant problems. The end of one year and the start of another year is often a
Estate planning mistakes can be costly in time and money. Everyone makes mistakes. It is part of being human. Sometimes these missteps are made out
It can be helpful to reduce the size of a probate estate. The probate courts exist to oversee the passing of property between people and
Beneficiary designations cannot be overlooked in estate planning. Movies and media often misrepresent estate planning. They tend to focus only on the last will and
Hiring an estate planning attorney is always a good idea. Okay, that sounds self-serving, but stay with me on this. Many people try to do
It is important to follow the estate planning fundamentals. Many people believe wealth is the pivotal factor for estate planning. This is inaccurate. Age is
Transfer on Death (TOD) accounts require a beneficiary to be named. Although most people believe money passes to heirs through a last will and testament
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