Planning Your Beneficiary Designation
November 1, 2018, The Good Life
As we plan for our future, there is a common oversight many people make without knowing it: forgetting to update beneficiary designations. This includes retirement plans at work, IRAs, life insurance policies, mutual funds, bank accounts, brokerage accounts, annuities, Health Savings Accounts, etc. If you fail to keep current your beneficiary designations and you pass away without updating designations, your assets could go to the wrong people. So, it’s recommended that you review them every few years and make appropriate changes.
In fact, beneficiary designations that are inconsistent with your will can also wreak havoc on an estate plan. The way that assets are titled will most likely determine how and when those assets are dispersed. keep in mind, your assets must specifically be titled in your trust. If not, all the benefits of the trust may not be recognized. To read entire article click here.
About McDonald Carano
McDonald Carano has helped to shape the Nevada business and legal landscape for 70 years. With more than 60 lawyers and government affairs professionals in our offices in Las Vegas and Reno, we are Nevada's law firm for business. We proudly represent Fortune 500 companies, financial and governmental institutions, fast-growth and mid-market companies, entrepreneurs, start-up ventures, non-profit organizations and individuals. Our attorneys deliver cross-discipline, one-stop, commercial law and government affairs counsel. Our dedication to clients, innovative thinking and practical solutions based in sound business and legal judgments are at the heart of our practice. For more information, visit mcdonaldcarano.com, call 775.788.2000 (Reno office), or 702.873.4100 (Las Vegas office) or reach us by email at firstname.lastname@example.org.
You have chosen to send an email to McDonald Carano. The sending or receipt of this email and the information in it does not in itself create an attorney-client relationship. If you are not already a client, you should not provide us with information that you wish to have treated as privileged or confidential without first speaking to one of our lawyers. If you provide information before we confirm that you are a client and that we are willing and able to represent you, we may not be required to treat that information as privileged, confidential, or protected information, and we may be able to represent a party adverse to you.
I have read this and want to send an email.