What’s in a name? Understanding beneficiary designations.

25/06/2024 30 min Episodio 19
What’s in a name? Understanding beneficiary designations.

Listen "What’s in a name? Understanding beneficiary designations."

Episode Synopsis

In this episode, Peter Ward discusses the importance of beneficiary designations for estate planning with lawyer and tax specialist Nawel Izard. They explore the significance of naming beneficiaries on assets, the benefits of bypassing probate, the considerations for minors as beneficiaries, and the importance of careful planning to ensure assets are distributed according to one's wishes. The conversation focuses around the need for proactive and informed decision-making in estate planning that can help to avoid potential complications and ensure assets are passed on as intended.