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Have you double checked your designations today?

Sunday, March 1st, 2015

Do you know who is listed as the beneficiary on your retirement accounts? Your life insurance? If you aren’t sure, you should check. Especially if you’ve divorced, re-married or had more children. Whomever is designated as a beneficiary receives those funds, no matter the existence of a separate plan calling for a different distribution, the beneficiary generally forms trump all. Learn from this mistake made by the deceased father in this article.

Double checking this provisions takes ten minutes, but it can save a lot of heartache for your spouse, children and grandchildren.