have a disability, or cannot be trusted with a large sum of money. Some attorneys will recommend a special trust be established as theindividual retirement account (IRA)beneficiary to avoid its assets becoming part of a surviving spouse's estate, all to avoid futureestate taxissues. ...
Insurance - Passing The Proceeds: By naming a trust as beneficiary of a life insurance policy, planners can help wealthy clients ease the burden of estate taxes.Korn, Donald Jay
It’s important to note that life insurance beneficiary designations are separate from the division of assets in a divorce. Even if there is a divorce settlement that outlines the distribution of the estate, the beneficiary designation remains valid until it is changed officially. It’s...
Beach Boy Wilson Settles Suit on Will : Legal feud: Singer’s family opposed his naming of therapist as chief beneficiary. Independent conservator will oversee estate. SPECIAL TO THE TIMES A Santa Monica Superior Court trial to determine who should oversee Beach Boy Brian Wilson’s estate was av...