Making Sure You Have The Right Beneficiaries

on August 21, 2018 Comments Off on Making Sure You Have The Right Beneficiaries

You work hard, for many years, accumulating your wealth, financial assets and insurance plans to make sure that your family is taken care of when you’re gone. But it never fails, at one point or another, the thought crosses our mind, “Am I certain my beneficiaries are correct?”

Some of the most common mistakes when it comes to beneficiaries are the following:

  • Not naming a beneficiary – By not doing so, your assets will go through probate, but in the case of a retirement or insurance plan, there may be a contract provision that designates a default beneficiary, who may not be who you intended.
  • Naming your estate as your beneficiary – When this is done, it goes through a probate and can be more limiting than if you names a spouse or non-spousal beneficiary.
  • Outdated beneficiaries – You may not want the person that gets your benefits to be the one to receive them if they’re out of date.
  • Naming minors as direct beneficiaries – When that child turns 18 or 21, depending, they will be paid out directly. Handing a large lump sum of money to an 18-year-old may not be the best decision.

These are just a few of the commonly made mistakes. There can be more complications if your beneficiaries are not taken care of. For help with those scenarios and to help and your questions, we’re here. Let’s talk.


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Jase TeamMaking Sure You Have The Right Beneficiaries

A Partner In Your Fiduciary Trust Management

on November 7, 2017 Comments Off on A Partner In Your Fiduciary Trust Management

One of the more difficult components as a trustee is the duty to monitor service providers and investment managers. The stewardship of the trust through effective management of the trustee’s responsibilities will ultimately determine the long-term sustainability of the trust and it’s ability to provide for the beneficiary.

That’s where we come in. We work with you, the trustee, and help you manage with confidence. An overview of our services reveals our desire to help with:

  • Clear and accurate reports of your fiduciary portfolio assets across multiple accounts and from all financial institutions.
  • Consolidated and separately monitored account reporting to help comply with the Uniform Prudent Investor Act and the Uniform Prudent Management of Institutional Funds Act.
  • Objective third party consulting services to provide insight and interpretation of information.

Important decisions have to be made and because the impact of those decisions affects the livelihood of the people or organizations dependent on that trust, it shouldn’t be made alone.

Contact our team today to schedule a meeting.



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Jase TeamA Partner In Your Fiduciary Trust Management