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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Dec 22, 2003
Page
18
Avoid probate and tax pitfalls by naming primary and contingent beneficiaries for life insurance and retirement plans. Consider spouse as primary, or use trusts to protect children and optimize taxes. Coordinate designations with wills or trusts and review annually for life events and tax law changes. Consult a financial planner for tailored guidance.
Decide primary and secondary beneficiaries and when to pay benefits. Align designations with your will and trusts. Coordinate with overall estate plan and review designations periodically.
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