Estate planning - it’s not just for the ultra rich! While many people don’t have estates that are large enough to warrant an estate tax (which, for married couples, is in excess of $23 million for 2021), there are other aspects of estate planning that most individuals should be aware of.
The one that perhaps affects the most people is where beneficiaries are concerned. If you have assets that you want to go to specific people or certain organizations, it’s vital that you have your beneficiary assignments done correctly, even if you already have a will and a trust in place.
What do you need to know about beneficiary assignments? It’s all about making sure your assets go where you want them to go. Learn more from our “Professor” Rick Plum, CFP® and podcast host Johnny Dean on this week’s episode of Managing Your Financial Future!
