What Is a Contingent Beneficiary?

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Creating an estate plan involves selecting people to receive your money, property, or other items if you pass away. When making a will, you’ll work with an estate planner to designate those who will inherit from you. The persons (or entities, Read More …

Yes, There Can Be Disadvantages To Naming Beneficiaries

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Although in many situations the advantages outweigh the disadvantages when selecting beneficiaries, there are always exceptions. What Is a Beneficiary? Beneficiaries  are individuals who you select to receive money, various other assets, or specific bequests (such as sentimental items) upon Read More …