Estate Planning 101 with the "Tax Chick" Amanda Doucette
beyond MD with Dr. Yatin Chadha
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What's Going on With Beneficiary Dedications?
When we die, we are deemed to dispose of everything we own the second before we die. Insurance proceeds are not taxable, so you're not worried about the tax consequence of an insurance proceed going to some one. But we often want to make sure that the insurance proceeds match the purpose for why we got the insurance. There's a miss match with investments, especially with r s p s,. We see pickles all the time when it comes to cary designations. The most important thing is that there's consistency.
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