When it comes to your heirs and beneficiaries, it is only natural to have some questions. Who will you name as your heirs? Is there anyone you are forgetting?
As you go through the process of buying life insurance, you will eventually be faced with this question: Who will you name as the beneficiary?
There will be a lot going through your mind as you create an estate plan. Most importantly, you need to make decisions that will benefit your heirs. You are in position to better the life of your family, and that is something you should be excited about.
When creating an estate plan, you cannot afford to overlook any option. You never know when you will come across something that can benefit you and your family.
As you create or review your estate plan in Texas, it is important to pay close attention to your life insurance coverage. If you have a policy in place, you may find yourself in good position as far as this detail is concerned. Conversely, if you have yet to buy coverage, now may be the best time to do so.
Fights between heirs and beneficiaries are unfortunately common, and many of them do involve big items: who gets to own the family home, who gets to run the family business, or how the investments should be divided up. However, it's important to remember that the small things can also cause issues.
During the estate planning process, you will make a variety of decisions in regards to the future. This includes naming beneficiaries. While this may be cut and dry when creating an estate plan, things can change in the future. If this happens, it is your responsibility to review your situation and ensure that everything is in order.
When creating your estate plan, it is important to spend the appropriate amount of time choosing your heirs. For some, this is a simple process. They leave everything to their spouse and/or children. Others, however, face a variety of questions along the way.
One of the most difficult parts of estate planning is discussing and choosing your heirs. This is the person or people who will receive your assets upon your death.
In the past year, the estate of Huguette Clark has been settled, or so her family thought. The copper heiress had an estate worth approximately $300 million according to reports. When she died in 2011, she reportedly had a will, and had no children.