“Many people believe that a will controls the disposition of all of one’s assets at death. This is not so.”
Richard Miller, Esq., Chair of the Elder Law Practice Group at Mandelbaum Barrett PC, explores crucial insights for Financial Advisors in a recent Think Advisor article discussing beneficiary designations. Richard emphasizes four critical points:
- Precision in asset titling.
- Awareness of default beneficiaries.
- Tailored planning for blended families.
- Mitigating identity risks effectively.