by Michael Napier
Tuesday, October 23, 2012
in Financial Planning
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This isn’t one of my most exciting financial planning topics, but could be one of the most important.
Frequently, I come across clients or prospective clients with outdated or blank beneficiary designations. Your guess is probably correct on how these situations come about: divorced spouses forgetting to take one another off, deceased spouses forgetting to update with new beneficiaries, etc. Without regular reviews of your beneficiary elections, money may be passed to people or ...