Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now.
– Denis Waitley
A sense of uncertainty has emerged under the new administration surrounding estate planning for the year 2017. President Trump has expressed his intent to implement significant changes to U.S. tax policy. However, the degree to which those changes will occur remains ambiguous. Nevertheless, there are strategies that individuals, families and small businesses can use when …
While creating their estate plan, many people fail to update their beneficiary designations on financial products, including bank accounts, 401(k)s, and life insurance policies. Brian Madgett, a vice president at New York Life who heads the advanced planning group, states that for the majority of people, the beneficiary designation comprises their estate plan. Several Americans …
Failure to update your beneficiary designations could have unintended consequences Read More »
