Tips for Managing Your Beneficiary Forms
Tips for Managing Your Beneficiary Forms By Melinda Gustafson Gervasi April 12, 2021 Image by M. Gustafson Gervasi, 2021, Dandelions! Signs of Spring 2021 are popping up all around us. Before warmer weather pulls you outdoors and offers an abundance of activities, there is one Spring Cleaning Task I urge you to consider. Making sure your beneficiary forms are in order. I few weeks back I contacted my Brokerage with a question about its management fees. The call was short, efficient, and eye opening. The call started with my questions about how management fees are calculated and ended with the representative telling me that one of my IRA's did not have a beneficiary form listed. "Seriously?" was my response. I knew with certainty that I had completed those beneficiary forms, taking great care to name my spouse as primary and our children's trust as the contingent. "No Ms. Gustafson Gervasi, I am sorry. We have no record of a beneficia...