Many of us either have been through life events or have relatives or friends that have been through these events. This includes, marriages, births, deaths, divorces or other events where a change of beneficiary form should have been filed. According to the most recent statistics released, over 30% of beneficiary forms have a mistaken beneficiary named.
Often, these mistakes are not able to be reversed. There have been many court cases where these benefits (MONEY) have gone to a first wife, brothers or sisters or worse yet the estate. Many people think just because they have a will, the beneficiary of their will gets their retirement plans or life insurance policies. WRONG, these pass by contract not by will.
Once again, for the next 30 days our office will be glad to meet with anyone who has a beneficiary question, help them get the right forms and complete them correctly.
Please feel free to contact me at: mike@schwartzfinancial.com to set an appointment.
Please refer to the below pic for more information:
