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Posts tagged with ‘Asset Protection’

  • Beneficiary Designation

    in Asset Protection, Life Insurance, Uncategorized / / 0 comments

    A common misconception is that your Last Will and Testament controls your beneficiary designations. Let’s look at an example to illustrate. Tom has three children and a life insurance policy that has been in place for decades. The policy was taken out before his third child was born so the beneficiary designation still lists his first two children since his wife predeceased). His Will says everything goes equally among all three children. Upon Tom’s death, the life insurance will pay to the two oldest children who were the designated beneficiaries. Even though Tom’s Will says everything goes equally among all three children, the third child will be excluded.

  • Avoid Phishing Scams

    in Asset Protection / / 0 comments

    What is phishing? FINRA (Financial Industry Regulatory Authority) defines PHISHING as: Scams that use spam email or a fake website to lure you into revealing your bank or brokerage account information, passwords or PINS, Social Security numbers or other types of confidential information.