A Forgotten Form Costs $1 Million: Lessons in Estate Planning
When it comes to estate planning, the devil truly is in the details. A recent case involving a $1 million retirement account underscores the importance of keeping your estate plans current. The cautionary tale involves a man who, despite breaking up with his ex-partner in 1989, discovered decades later that she was still set to inherit his sizable retirement savings due to an overlooked beneficiary form. The Importance of Updating Beneficiary Forms One of the most common yet crucial mistakes in estate planning is failing to update beneficiary designations on retirement accounts, insurance policies, and other financial instruments. In this ... Read More
