Beneficiary Designation Problems In Iowa

Many types of retirement and risk management accounts such as life insurance, 401(k), IRAs, and annuities require or strongly suggest that you name a primary and secondary beneficiary. Read the full article here: https://www.oflaherty-law.com/learn-about-law/beneficiary-designation-problems-in-iowa-estate-planning This will designate who receives the assets from the account upon your death. Choosing a beneficiary is usually very straightforward, and often the individual or company managing the account will suggest choosing a spouse or children for older individuals. O’Flaherty Law now serves over 105 counties across Illinois, Iowa, and Indiana. If you have any questions regarding a case or would like to speak to one of our attorneys after watching a #LearnAboutLaw video, give us a call at (630) 324-6666 or send us an email at [email protected] to get in contact with someone from our team. Subscribe to our channel for daily videos dedicated to all things law and leave a comment with any questions about this topic. Find us online for more legal content and to stay connected with our team - Website: https://www.oflaherty-law.com/ - LinkedIn: https://www.linkedin.com/company/oflahertylaw - Instagram: https://www.instagram.com/oflahertylaw - Facebook: https://www.facebook.com/oflahertylawGroup/ **None of the content in this series is intended as paid legal advice. In this video, we discuss how to avoid beneficiary designation problems by making sure your various investment accounts and estate planning align. We will answer the following questions: Does a will take precedence over beneficiary designations on my investment accounts?, can beneficiary designation affect estate taxes?, can an investment account be pulled automatically into a trust or will upon death?, what’s the difference between per stirpes and per capita distribution?, and can I just name my trust as the beneficiary of all my accounts?