Divorced? Going through a Divorce? Be Afraid. Be Very Afraid. And Change Your Beneficiary Designations

At least that’s the moral of this story. Actually, here’s the moral as stated at the end of that story:

“The moral of the story for practitioners is clear.  Whenever you have a client that is either going through a divorce or is already divorced, do everything you can to get the client to change both his/her beneficiary designations and his/her will as soon as possible.  The results in Smoot and Egelhoff could easily have been avoided with proper planning.”

Read the story and then follow the writer’s advice. Got it?

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