Improper Beneficiary Designation Means Loss of Life Insurance Death Benefits

Most people correctly believe that life insurance proceeds are exempt from creditors’ claims in Florida.  That is an accurate paraphrasing of Florida Statutes, Section 222.13.Most people incorrectly believe that it makes no difference who is the beneficiary...

Is it a good idea to list my TRUST as beneficiary for my 401k plan?

There is a difference of opinion among estate planning professionals regarding designating a revocable living trust as a beneficiary of a 401(k) plan or other retirement plan (such as an IRA). Some of the differing opinions derive out of misconceptions involving the...

Why You Should Periodically Review Your Estate Planning

Diamonds are forever!  Estate planning is not!The travails of the James Brown (Godfather of Soul) estate show just how bad things can get when estate planning documents are not updated when there are changed circumstances.  Brown didn’t update his...

Why Don’t Women Understand the Need and Importance of Estate Planning?

Why don’t women understand the need and importance of estate planning?  It happens at least once a week.  A woman comes to my office because some matter of urgency has triggered the “fear factor” and “forced” them to consult...

Why You Should Periodically Review Beneficiary Designations!

An article in today’s Wall Street Journal and a recent Florida Supreme Court decision are emphatic reminders of why you should periodically review your beneficiary designations for retirement plans and life insurance policies.  The Wall Street Journal...

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