Everybody knows that you should have a will and name beneficiaries for your insurance policy. I know that, sure. I had a will made at least 20 years ago naming my mother as my heir. At some point in our lives, mom thought each of us kids should have a simple will and we signed them. Don't you know that two years ago when she died, that was still the only will I had? It took me a year and a half to get around to doing a new will. Well, now it's another half year since, and today I signed a new beneficiary designation for my Roth account. Folks, don't wait and assume you'll outlive your old estate plan documents. Review them as life changes happen and make sure your wishes will be carried out when you die.
Plan for the Future Tip #1
April 20th, 2007 at 09:12 pm
April 20th, 2007 at 10:02 pm 1177106540
April 20th, 2007 at 10:16 pm 1177107396
April 20th, 2007 at 10:55 pm 1177109736
April 21st, 2007 at 12:31 am 1177115483
NEVER NAME UNDERAGE CHILDREN UNLESS YOU NAME A TRUSTEE WHO WILL LOOK AFTER THE MONEY
Cause if you do, it could be years before the kids get the money. I've seen a number of cases where the kids don't get any money for years.
The only people with more red tape than insurance companies are the courts...get them together and you have a red tape nightmare...
April 21st, 2007 at 12:33 am 1177115625
NEVER NAME UNDERAGE CHILDREN UNLESS YOU NAME A TRUSTEE WHO WILL LOOK AFTER THE MONEY