Are your beneficiary designations listed correctly on key documents? Are they up to date?
I sure hope so because you may think that with the generous $1.4 million federal estate-tax exemption, your estate wouldn’t owe any federal estate tax. Or that your estate plan is in good order.
But things change. Your wishes change. And things can turn ugly fast if your beneficiary designations aren’t up to date.
We’ll help you make sure that the right people get what you want them to receive when you read my new article titled Tax Tips: Check Your Beneficiary Designations Now, Before Disaster Strikes.
Three ways our fact-filled article can help you:
- We’ll tell you which beneficiary designations to check. We’ve provided a seven-item list of documents you should review now. It won’t take much time and this review can help you avoid serious problems down the road. You’ll get full details when you read the full article.
- You’ll get to hear two real-life horror stories. We sincerely hope they’ll motivate you to review your beneficiary choices and promptly. These two stories will show you what terrible things can happen when beneficiary designation mistakes take place. You’ll get the whole story when you read the full article.
- We’ll provide a lot of other important information too. We’ll tell you:
- How to avoid probate problems
- Why you shouldn’t rely on a will or living trust document to override outdated beneficiary designations
- How to update beneficiary designation forms
- Special considerations if you’re married
You’ll get all this information and more when you read the full article.