May 28, 2024
May 28, 2024
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Unraveling the Mystery: Do Beneficiary Designations Really Override a Will?

When it comes to estate planning, many wonder: do beneficiary designations override a will? The answer is yes. Beneficiary designations on accounts such as retirement funds, life insurance policies, and investment accounts take precedence over what is stated in a will. It is crucial to review and update these designations regularly to ensure your assets are distributed as intended.

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hiding assets from nursing homes

Many individuals are tempted to hide assets from nursing homes to protect their savings. However, this practice is unethical and illegal. It is important to seek financial planning advice to navigate long-term care options legally and responsibly.

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