Designate beneficiaries to avoid unintended consequences
August 24, 2016
After your death, the disposition of retirement accounts, life insurance policies, annuities, and accounts at financial institutions are governed by beneficiary designations. If those designations are outdated, unspecific, or wrong, your assets may not be distributed the way you would like. Here are items to consider. Be specific and stay current. When you name a beneficiary, your assets can...
Tags: beneficiaries
Category: Taxes