Episode 220: 4 Big Beneficiary Mistakes You Do NOT Want To Make

When you go to set up an IRA or financial account, one simple, critical step is designating a beneficiary. This very important detail is too often overlooked or skipped over, causing mistakes that are incredibly hard to fix once you’re gone. In today’s podcast, David outlines the four biggest mistakes he commonly sees with beneficiary designations and what you can do to fix them before it’s too late.

 

Here are the big mistakes you’ll want to avoid:

• Not naming a beneficiary. (6:17)
• Not naming someone because it’s in your will. (8:16)
• Not funding your trust. (10:28)
• Not understanding per stirpes vs. per capita rules. (15:10)

 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.