Making sure affairs are in order and checking in from time to time is key when it comes to protecting loved ones. Ensuring your beneficiary information is updated is one way to help your loved ones ...

To help employers properly administer their 401(k) plans, in 2022, Foley & Lardner LLP is authoring a series of monthly “401(k) Compliance Check” newsletters. This article includes some tips for ...

For many individuals, naming beneficiaries occurs when they first set up or rollover assets into an IRA account, and it’s rarely given much thought after that. If you fail to keep your beneficiaries ...

As the year closes, it’s a good time to update your beneficiary designations, which is a vital yet often overlooked step in financial planning. Life changes such as marriage, divorce, and the passing ...

Parents who have spent a lifetime saving often want a simple way to help a daughter pay bills, avoid court delays, and eventually inherit what is left. The most common shortcut is to either add her as ...

A beneficiary is a person or entity you designate to receive the benefits of a particular account or policy after your death. Designating, reviewing and updating beneficiaries are basic tasks of ...

This is an excellent question because so much can hang in the balance. If a former employee who left behind a retirement account balance is deceased, the next step should be for the plan sponsor or ...

When a veteran dies, the federal system begins a tightly scripted sequence of notifications, record reviews, benefits processing, and decisions about remains and burial. Every step relies on one ...