Why naming and updating beneficiaries is essential

There's a lot that goes into naming beneficiaries for your 401(k), IRA and life insurance policies, especially if you're a high-net-worth individual. In the event you don't name beneficiaries, you risk putting your estate into probate. Everything you earned in your lifetime becomes subject to your state courts.

Capstone Senior Wealth Advisor Robert Wootton, CFP® explains why beneficiary designation is one financial aspect we don't want to neglect, and outlines important considerations in an article recently published in Chicago’s Daily Herald Business Ledger.

Continue reading the full article at the Daily Herald Business Ledger.

Disclosures:

This article is not a substitute for personalized advice from Capstone and nothing contained in this presentation is intended to constitute legal, tax, accounting, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. This article is current only as of the date on which it was sent. The statements and opinions expressed are, however, subject to change without notice based on market and other conditions and may differ from opinions expressed by other businesses and activities of Capstone. Descriptions of Capstone’s process and strategies are based on general practice, and we may make exceptions in specific cases. A copy of our current written disclosure statement discussing our advisory services and fees is available for your review upon request.

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