Are your life insurance beneficiary designations up to date?

Thursday, January 15, 2004

Something a lot of people overlook when they update their estate plans are beneficiary designations on life insurance, retirement plans and annuities. Beneficiary designations are easy to overlook, because when most people think about estate planning, they think about wills, trusts, powers of attorney and healthcare proxies. But, for many people, much of their property passes at death outside of wills and trusts by virtue of contractual beneficiary designations.

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