Sentences with phrase «recommend naming beneficiaries»

Since estate probate can take months and creditors can come after the life insurance death benefit, we recommend naming beneficiaries and keeping the list regularly updated.

Not exact matches

We don't recommend naming your kids as a beneficiaries if they're still minors.

If you have relatives or people that you're close to that you would trust to handle your funeral, we generally recommend that you name them as your beneficiary instead of a funeral home.

We recommend preparing for the call by having an account statement for any accounts you may be transferring, the name, address, and social security number of at least one IRA beneficiary (if opening an IRA account), and 20 - 30 minutes, to allow enough time to complete the phone - based onboarding.

This is also why, while you can name your estate as a beneficiary, we don't recommend this option.

It is recommended that you name the beneficiary, any person other than policy holders, insured persons or any traveling companions.

But we would recommend you name a family member you trust as your burial insurance beneficiary.

For instance, the National Association of Insurance Commissioners recommends using the legal name of a beneficiary instead of a reference to the person's position (e.g., John Doe instead of husband).

This trust or adult custodian may then be named as beneficiary of the policy, recommends the AICPA.