You cannot name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies. Read more
IRA
Everyone needs to worry about estate planning. That planning doesn’t only pertain to what happens when you die but what could happen if you end up incapacitated. Read more
If your beneficiary designations are out of date and you die without updating those designations, your assets could go the wrong people–a former spouse, for example–no matter what your will says. Read more
