Beneficiary Designations: Easy And Often Overlooked
October 13, 2015 by N/A
Properly designating beneficiaries for assets that transfer on death is one of the simplest, and most commonly overlooked, methods to maximize the efficiency of a client’s estate plan. As a recent post on the New York Estate Planning Lawyer Blog notes, one of the main functions of an estate plan is the distribution of assets on death. By taking advantage of the ability to name beneficiaries for certain assets, namely bank accounts, insurance policies and retirement accounts, a planner can ensure that these items are transferred to the intended party in the most expeditious manner possible.
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