Designating beneficiaries is an essential part of planning that many people do not recognize. If you are married, you may assume that if something were to happen to your spouse unexpectedly, you would automatically get all of his or her assets. While this may seem like an automatic transaction, if you are not specifically named as the beneficiary of each of your spouse's accounts, properties and investments, you may have to go through a court process to access them.
At the law firm of Leonard F. Berg, Attorney at Law, we provide comprehensive estate planning advice and services. With more than 30 years of experience, we can provide you with peace of mind and ensure that your loved ones will not experience unnecessary delays or problems while settling your estate.
Taking Into Account Life Insurance Benefits
When most people think about designating beneficiaries, they think of will preparation and trust considerations. Whether you have one of these or not, what you may not realize is that there are several types of assets people commonly overlook when it comes to planning. A few examples include:
- Life insurance policies
- Real estate
While it is difficult to imagine your spouse, children and other people you care about having to go on without you, the best way to protect them from additional pain and stress is to make sure you have designated beneficiaries in all proper documentation regarding your assets. Our experienced and knowledgeable lawyer can guide you through this process.
Speak With An Experienced Estate Planning Lawyer
To speak with our East Alton attorney about beneficiary designation, contact us online, or call 618-216-6681 or toll free at 888-353-6236 and arrange a consultation. We serve clients across the Metro East and the Illinois River Bend.