Legal Advice for Designated Beneficiary — 21 results
Written by attorney Matthew Johnson, over 2 years ago.
For many middle-class families, the biggest or second biggest asset they have is their retirement account. Unfortunately, our wonderful politicians and IRS have made retirement accounts... more
Written by attorney Kent S Berk, about 3 years ago.
Thanks to a recent change in Arizona law, it is now possible to designate a beneficiary to receive title to a motor vehicle in Arizona upon a person's death. Before, it was not possible to... more
Written by attorney Cecilia A Tsang, almost 4 years ago.
When you purchase a life insurance policy or open a
retirement account, there are always pesky beneficiary designation forms which
must be completed. For estate planning
purposes those... more
Written by attorney Gregory Herman-Giddens, over 5 years ago.
Obtain and Keep Copies Obtain a copy of the beneficiary form for each IRA you own. Name 1st and 2nd Beneficiaries Make sure you have named a primary beneficiary and a secondary (contingent)... more
Written by attorney Craig Scalise, about 2 years ago.
Most think our will or living trust transfers all of our assets at death. Those documents, however, have no effect on some of your most important assets. Instead, your beneficiary... more
Written by attorney Thomas Dallas, over 2 years ago.
Retirement Planning: What is the distribution period if my beneficiary is a Non-Designated Beneficiary?
Since a Non-Designated Beneficiary does not have alife expectancy, theIRSprovides a... more
Written by attorney Erin M. Thrash, over 4 years ago.
Your decisions today will affect your plan tomorrow!
How well your estate plan works may depend on whom you have named as your beneficiaries. If you have not looked at your beneficiary... more
Written by attorney Ahmed Shaikh, almost 5 years ago.
The form The first thing you have to do is ask for the form from the plan administrator. If its a 401(k) your company HR department should have it. As these assets may be a significant... more
Written by attorney Robert Mueller, almost 6 years ago.
Disclaimer &Types of designations This guide is for Texas law. It might or might not be applicable in your jurisdiction as well. And you should always consult with an estate planning... more
Written by attorney Donald Lins, over 1 year ago.
For any assets which have either a beneficiary designation, a pay-on-death ("POD") designation, or a transfer-on-death ("TOD") designation,probate is not necessary. At the death of the... more