Designate a beneficiary Designating a beneficiary is important to ensure that the funds in your HSA will easily transfer to your loved ones when you’re gone. Link your bank account Get reimbursed faster for eligible expenses you pay out of pocket when you link your personal bank account to...
3. Beneficiary:Beneficiaries are those who willbenefit from the trustas the current or future recipients of the trust’s assets. Major life events, such as marriage, divorce, birth/adoption of a child and death, can be good reasons to update the trust’s beneficiaries. Beneficiaries can be ...
the designated person or persons to carry out their functions. To ensure the safe operation of each ship and to provide a link between the company and those on board,every company,as appropriate,should designate a person or persons ashore having direct access to the highest level of management...
Ensure beneficiary designations are updated on all transfer-on-death (TOD) assets-Retirement accounts, life insurance and other TOD accounts provide the easiest means of transfer for certain assets upon the owner’s death. Failure to name initial and successor beneficiaries typically reverts the asse...
While you want to keep your plan as simple as possible, sometimes simple strategies aren’t enough. For example, if you have a beneficiary who will never be able to manage money, consider how much, if any, they should inherit outright (see the chapter titled Trusts). ...