The Many Options of Beneficiary Selection : Talking Money Podcast

Show aired on October 16th, 2021

Mike takes a look into the world of beneficiaries and answers some common questions:

What takes priority: what your Will says or how beneficiaries are named in the various contracts?
Per stirpes: what is it and how does it keep your assets in your family?

(for more information on per stirpes, read this Blog post.

How can you make sure your in-laws get what you expect?
What are some accounts that have beneficiaries?
Is it possible to name a charity or other non-profit as beneficiary? Is that a good idea?

For more reading on beneficiaries, check out Ron Blue’s book Splitting Heirs.

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Though Mike Miller is an employee of Ronald Blue Trust, Talking Money^® represents his individual views, and not those of his employer or any other sponsor of the program. During the program, Mike may discuss market trends as well as specific financial planning techniques and investment ideas. These discussions are for general information only and are not intended to provide specific advice or recommendations to any individual or organization. Work with your attorney, or accounting, or investment professional for specific individual advice and services. Any securities or investment products discussed on Talking Money® are not insured by the FDIC, are not a deposit or other obligation of or guaranteed by any bank, and are subject to investment risk, including possible loss of principal amount invested. Some shows contain time sensitive material that should not be relied upon without verifying.

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