Important Beneficiary News
    Steve Dybwad

Do you know who the designated beneficiary is for your
annuity, life insurance policy or IRA?
Time and changing circumstances often require a change in beneficiaries or in the way
assets are distributed to heirs. Remarriage, divorce, the birth of grandchildren, estrangement,
and other common familial transitions should trigger a review of the beneficiaries listed on
your assets.

Many courts will award assets to the name listed on the most recent beneficiary
form, even if your will or living trust designates a different heir. Make sure your assets will be
distributed according to your wishes by designating a beneficiary using the form supplied by
each account or policy provider. Then, Make the Right Choice in Selecting a
Beneficiary

The most fiscally sound inheritance strategy will differ depending on your relationship to
each beneficiary. Joint ownership with a spouse can help certain assets avoid probate
so they can be immediately available. Setting up a trust for younger beneficiaries can
help avoid serious tax consequences and protect your assets so that they can do the
most good for your heirs.

Rules for passing on IRA assets can be complicated. Reviewing your estate plan
annually will ensure that your assets are correctly distributed to your desired heirs after
your passing. This can serve to protect your beneficiaries from avoidable negative tax
implications.

Wishing you and your loved ones continued good health. Please feel free to call or reply
with any questions you might have. All The Best!

Steve Dybwad is a member of Syndicated Columnists, a national organization
committed to a fully transparent approach to money management. 

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In 1954, John Kasper started his journey to build Kasper Insurance. He built his agency on
honesty and integrity. Over 65 years later, the journey continues. Along with his son, Anthony
Kasper, and his grandson, Paul Kasper, they offer quality insurance products and family friendly
service.