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Home » Beneficiary

Beneficiary

The Beneficiary Designation Form

September 22, 2014 by Ellen LaPlante

We always hear of how an overlooked detail can wreak havoc to even the most carefully prepared plan and why your estate planning lawyer is your best insurance policy against those small errors. A perfect example is the beneficiary designation form. This week, we explore the many ways this one form can cause problems. The Misleading Simplicity It seems as though it’d be simple: fill out the form, get the proper signatures and then file it away with the rest of your estate planning documents. … [Read more...] about The Beneficiary Designation Form

Filed Under: Beneficiary

Estate Planning for Divorces

June 21, 2013 by Stephen Unsworth

Divorce is a major life event that can alter the effectiveness of your estate plan. If you’re considering divorce, there are steps you need to take before, during and after to protect your estate. Before Check with your estate planning attorney or your divorce attorney about any community property laws in your area. While you can disinherit a spouse in your will, the law remains the same. Which means your spouse could still inherit an augmented value of your estate. Augmented refers to … [Read more...] about Estate Planning for Divorces

Filed Under: Beneficiary, Estate Planning, Wills Tagged With: Estate Planning, Wills, Divorce

Options for Leaving Money to Your Children

March 14, 2013 by Stephen Unsworth

If you have minor children, you’ll have to get creative to give them their inheritance because the courts don’t allow beneficiaries to inherit property if they’re under 18 years of age. To make sure your children receive their inheritance, you have three options:   Restricted Accounts – A restricted account—such as a 529 account—can be used to leave money for your child’s education. If you use this type of account, your child can only use her inheritance to pay for her education. If she … [Read more...] about Options for Leaving Money to Your Children

Filed Under: Beneficiary Tagged With: beneficiary

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Essex Junction, VT

26 Railroad Ave
Essex Junction, VT 05452
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