Beneficiary designations. Every IRA, retirement plan and annuity has one. You’ve done it before, and you’ll do it again.
But a study shows that 80% of the beneficiary designations on file were wrong, outdated or incomplete. In the regular shuffle that includes new life, death, divorce and job changes, beneficiary designations often fall to the wayside.
Beneficiary audits are a simple, effective tool for helping your clients and their families avoid undue cost, pain and suffering. We’ll also show you how to use BA’s to uncover assets and create an ideal referral environment.
Listen in on this webinar to learn how you can separate yourself from the outdated majority and lead your practice on to bigger business.
According to Investment News (Sept. 18, 2008):
80% of beneficiary forms on individual retirement accounts, defined benefit pension plans and insurance policies are either blank, outdated or not properly filled in.
Beneficiary designations often override the owner’s more formal and complex estate transfer plans.
Financial advisors should understand:
Mechanics and consequences of particular beneficiary designation structures.
Proper and improper beneficiary structures.
In this webinar we are going to discuss the negative consequences of using the seemingly proper, but potentially improper beneficiary designations, and we are going to give our recommendations for proper beneficiary designation structure.