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Tax Planning

The Importance of Beneficiary Designations

An overview of beneficiary designations in estate planning.
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What are Beneficiary Designations?

Beneficiary designations are instructions on who will receive your assets upon your death. They are crucial for accounts like life insurance and retirement plans, as they can override your will.

Reviewing Your Designations

Regularly reviewing and updating your beneficiary designations ensures that your assets go to the intended recipients.

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