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1. Always keep policy and beneficiaries up-to-date.
2. Always have secondary and tertiary beneficiaries.
3. Never name minor children as life insurance beneficiaries. Instead, put a trust or guardian in place.
4. Never name your Estate as your life insurance beneficiary.
5. Always specify the details.
6. Never name a beneficiary dependent on government assistance as a direct beneficiary.
7. Don’t assume your will trumps the life insurance policy.
There are, of course, ways to keep the trust mostly in control of the family, which might be minors. One way to get around these problems is to create a pour-over trust in your will and name the minor as the trust’s beneficiary. A trust ensures that the trustee protects the funds until a time when it makes sense to distribute them. Trusts are also flexible in terms of how they are drafted. The trust can state any number of specifics on who receives property and when, including allowing you to distribute the funds at a specific age or based on one particular event, such as graduating from college. You can also spread-out distributions over time to children and grandchildren. I am lookIng for brilliant trust attorney by corona heIghts, corona ca. I am lookIng for best trust lawyers around 92883. I need best trust attorneys nearby north coron, corona ca.a. If you are the divorced former spouse of a deceased Social Security recipient, you might qualify for survivor benefits on their work record. I need amazing trust lawyer by 92880. I need brilliant lawyers probate nearby 92879. I am lookIng for best attorneys estate by 92883.
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