The New Era - All about Sweet Home since 1929

Putting your money to work for you: Reasons to review your beneficiary designations

 

April 11, 2017



Baby boomers have been planning and saving for retirement for decades. They are also planning their legacy – creating wills, trusts and other sophisticated estate planning strategies to transfer their wealth to the next generation.

However, most people may not realize their IRAs and qualified retirement plans – a large part of their estate – are not subject to probate nor affected by the terms of a person’s will.

These assets will pass to the next generation determined solely by the client’s beneficiary designation form. Accordingly, the beneficiary designation form...



For access to this article please sign in or subscribe.



 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018