Annuities and Trusts: A Tricky Combination
If you combine an annuity with a trust without getting good legal advice, well, good luck with that.
3 Types of Designated Beneficiaries You Must Understand
The rules for spouses, unmarried partners and children are different.
IRA Beneficiary Designation Forms
So, you think the client's will or trust governs IRA beneficiary selections? Uh oh.
Irrevocable trusts remain powerful in estate planning
Incorporating a flexible, irrevocable life insurance trust (ILIT) into an estate plan can produce meaningful results.
Children entitled to annuity proceeds, not widow, Louisiana court determines
The U.S. District Court for the Eastern District of Louisiana has ruled that the children of the owner of an annuity who were listed as the annuity’s beneficiaries were entitled to its proceeds, rejecting claims that the owner’s widow should receive them as a co-owner or co-purchaser.
Addressing beneficiaries in estate planning
A major issue in estate planning is who to name as beneficiaries on life insurance policies, pension plan accounts, and IRAs.
Beneficiary designations: 4 reasons why they may be out of date
If you or the client thinks an outdated beneficiary will “do the right thing” and hand over the money, think again.
Letter changing beneficiary day before policy owner's suicide was effective: court rules
In its decision, the court explained that the policy required “no specific manner by which the insured must change the beneficiary.”
Why IRAs need designated beneficiaries
Advisors can add value by checking beneficiary forms and avoiding time-consuming headaches (or worse) later on.