An employee divorces, names an adult child as his or her new 401(k) beneficiary, and then remarries. If the employee dies, who gets the 401(k) proceeds? For the answer, see the Wall Street Journal’s 09/30/2023 article, “Your Will Alone Won’t Guarantee Your Money Goes to Your Heirs.” Then, encourage your clients to review their own estate plan with you:
- Forward this free link to the WSJ article to appropriate clients
- Follow-up and offer to confirm appropriate beneficiary designations
- Post a link to the article on social media; offer a free financial checkup
- Set reminders to repost the article on social media periodically
Additional Resources:
With the upcoming changes to estate taxes, also encourage your wealthy clients to review their estate plan with you. Help them avoid a voluntary tax of $400,000 per $1,000,000 of wealth they may be able to shift out of their estate – before the deadline. Click on the pages below for tools you can use to start those important conversations with your clients.
