Thursday, February 19, 2009

Life Insurance Review Part II – Minor Child as a Beneficiary

Another life insurance planning mistake is naming a minor child as a beneficiary.  This will almost certainly require that a guardianship be set up for the child through the probate court, incurring court costs and attorney fees.  The probate court would also determine who to appoint as the guardian.  The amount of the insurance proceeds would be public record and the court would have to approve all expenditures.  On top of that, the guardianship terminates and the assets are distributed outright to the child upon turning 18 years of age.  The solution is to create a contingent trust for minor children.

32 comments:

Anonymous said...

Greetings! Very useful advice in this particular article!
It is the little changes that will make the greatest changes.
Many thanks for sharing!

My webpage ... photography in Cape Town

Anonymous said...

Every weekend i used to visit this web page, because
i wish for enjoyment, as this this website conations genuinely pleasant funny stuff too.


My page ... tax and consulting

Anonymous said...

I blog quite often and I seriously thank you for your information.
Your article has really peaked my interest.
I am going to take a note of your website and keep checking
for new information about once per week. I subscribed to your RSS feed as well.


Feel free to surf to my weblog property for sale

Anonymous said...

This is my first time go to see at here and i am actually happy to read all at alone place.


Here is my page ... IT consulting Johannesburg

Anonymous said...

We're a gaggle of volunteers and starting a new scheme in our community. Your site provided us with useful info to work on. You have done a formidable job and our whole group will be grateful to you.

My web-site - building renovations Johannesburg architectural services Johannesburg

Anonymous said...

I'm curious to find out what blog platform you're working with?
I'm experiencing some minor security issues with my latest site and I would like to find something more safeguarded. Do you have any solutions?

Feel free to visit my web page: golf holidays flats South Africa

Anonymous said...

excellent issues altogether, you simply gained a new reader.
What would you recommend in regards to your publish that you simply made a few days in the
past? Any sure?

Also visit my web page; exercises to improve vertical jump

Anonymous said...

Wow that was odd. I just wrote an very long comment but after I clicked submit my comment didn't appear. Grrrr... well I'm not
writing all that over again. Anyhow, just wanted to say excellent blog!


Here is my website :: activision

Anonymous said...

If you are going for best contents like myself, only go to see
this website all the time for the reason that it provides
quality contents, thanks

my homepage: exercises to jump higher

Anonymous said...

What's Taking place i am new to this, I stumbled upon this I have discovered It absolutely helpful and it has helped me out loads. I hope to give a contribution & aid different customers like its aided me. Good job.

Review my web blog; exercises to improve vertical jump

Anonymous said...

Quality articles is the secret to interest the people
to pay a visit the website, that's what this website is providing.

My web-site :: workouts for vertical leap

Anonymous said...

I leave a response when I like a post on a blog or if I have something to
valuable to contribute to the conversation.
It's a result of the sincerness displayed in the article I browsed. And on this article "Life Insurance Review Part II - Minor Child as a Beneficiary". I was actually moved enough to drop a thought :-P I do have some questions for you if you usually do not mind. Could it be only me or does it seem like a few of these comments appear like left by brain dead folks? :-P And, if you are posting at other places, I'd like to keep up with you.
Would you make a list all of your public pages like your Facebook page, twitter feed, or linkedin profile?



Also visit my website - exercises to improve vertical jump

Anonymous said...

Hello it's me, I am also visiting this site on a regular basis, this website is in fact nice and the users are genuinely sharing pleasant thoughts.

My web blog ... workouts to increase vertical leap

Anonymous said...

Great blog you have got here.. It's difficult to find excellent writing like yours these days. I truly appreciate people like you! Take care!!

Here is my page; workouts to jump higher

Anonymous said...

It's not my first time to go to see this web site, i am browsing this website dailly and obtain good data from here every day.

My site; Exercises To Jump Higher

Anonymous said...

Do you mind if I quote a couple of your articles as long as
I provide credit and sources back to your website?
My website is in the exact same area of interest as yours and my users would genuinely benefit from a lot of the information you present here.
Please let me know if this alright with you.
Thank you!

Also visit my blog post ... workouts to increase vertical jump

Anonymous said...

Hey I know this is off topic but I was wondering if you knew of any
widgets I could add to my blog that automatically tweet my newest twitter updates.
I've been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

my blog post ... http://www.koffishop.biz/groups/several-suggested-exercises-that-can-improve-your-vertical-leap

Anonymous said...

Hello friends, its great article concerning educationand fully explained,
keep it up all the time.

Also visit my blog: exercises for vertical leap

Anonymous said...

Just desire to say your article is as surprising.
The clearness in your post is simply spectacular and i can assume you are an expert on this subject.
Fine with your permission let me to grab your RSS feed to keep up to date with forthcoming
post. Thanks a million and please carry on the rewarding work.


My website - vertical jump workouts

Anonymous said...

I want to to thank you for this very good read!
! I definitely enjoyed every little bit of it. I've got you book-marked to check out new things you post…

Here is my web site :: exercises for vertical jump

Anonymous said...

I want to to thank you for this great read!
! I definitely enjoyed every bit of it. I have got you book-marked to check out
new things you post…

Check out my page :: workouts to improve vertical jump

Anonymous said...

Hi there colleagues, pleasant paragraph and nice arguments commented
here, I am in fact enjoying by these.

Also visit my web-site :: exercises to increase vertical jump

Anonymous said...

Hello mates, how is the whole thing, and what you wish for
to say concerning this article, in my view its genuinely amazing for me.


my web page ... exercises to increase vertical

Anonymous said...

Hi! I could have sworn I've been to this web site before but after browsing through a few of the articles I realized it's new
to me. Regardless, I'm certainly pleased I came across it and I'll be book-marking it and checking
back often!

Feel free to visit my blog post; Miraslow.com

Anonymous said...

I was recommended this web site by my cousin. I am not sure whether this
post is written by him as nobody else know such detailed about my trouble.

You are incredible! Thanks!

Also visit my homepage: More information

Anonymous said...

Wow, superb blog layout! How long have you been blogging for?

you make blogging look easy. The overall look of your site is magnificent, as well as the content!


Look at my webpage - Visit here

Anonymous said...

Hi there, yup this piece of writing is in fact fastidious and I have learned lot of
things from it about blogging. thanks.

Also visit my blog post - Visit here

Anonymous said...

It is not my first time to pay a visit this web site,
i am browsing this website dailly and obtain pleasant facts from here everyday.


my website; Visit here

Anonymous said...

Thanks in support of sharing such a good thinking, piece of writing is fastidious,
thats why i have read it entirely

Also visit my web page - Workouts To Increase Vertical

Anonymous said...

I was suggested this web site by my cousin. I'm not sure whether this post is written by him as nobody else know such detailed about my problem. You're incredible!
Thanks!

Also visit my homepage: Demo.Sedeveloper.Com

Anonymous said...

I read this article completely concerning the comparison of newest and earlier
technologies, it's remarkable article.

Review my blog post exercises to increase vertical

Blogger said...

eToro is the #1 forex broker for newbie and advanced traders.