Boyes, Farina & Matwiczyk

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Daily Archives:Thursday, February 4, 2016

Avoiding Mistakes With Beneficiary Designations

February 4, 2016

While some Floridians may have estate plans in place that they feel will make certain their wishes are followed, some fail to pay attention to the beneficiary designations they have made on their life insurance policies, retirement and other accounts. Not paying attention to these beneficiaries can cause significant problems after a person has died, sometimes resulting in the proceeds passing in a manner that was not intended at all.

One problem that sometimes occurs is when people fail to update their designated insurance policy and retirement account beneficiaries after they divorce….

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