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2. What happens if your life insurance beneficiary dies ... - AOL

   www.aol.com/finance/happens-life-insurance...

   Marriage or divorce: You may want to add or remove a spouse or partner as a beneficiary after a marriage or divorce. Birth of a child: Welcoming a new child is a significant reason to update your ...

3. What is an irrevocable beneficiary? - AOL

   www.aol.com/finance/irrevocable-beneficiary...

   For example, in cases of divorce where minor children are involved, a court may require an ex-spouse to be named as an irrevocable beneficiary to ensure the children’s financial protection.

4. Choosing a life insurance beneficiary - AOL

   www.aol.com/finance/choosing-life-insurance...

   A life insurance beneficiary is the individual or entity designated to receive the policy’s death benefits upon the policyholder’s passing. ... than your spouse to be the beneficiary, you will ...

5. 7 financial mistakes to avoid when splitting assets during a ...

   www.aol.com/finance/7-financial-mistakes-avoid...

   Forgetting to revise beneficiary designations. Once the divorce is finalized, it’s important to revise your beneficiary designations on life insurance policies, annuities and retirement accounts ...

6. Life insurance trust - Wikipedia

   en.wikipedia.org/wiki/Life_insurance_trust

   (This assumes that the aggregate value of the estate plus the life insurance is large enough to be subject to estate taxes.) [3] To avoid estate taxation, some insureds name a child, spouse or other beneficiary as the owner of the policy. There are drawbacks to having insurance proceeds paid outright to a child, spouse, or other beneficiary.

7. Year-end financial checklist: Your guide to reviewing and ...

   www.aol.com/financial-planning-checklist...

   Major life changes like marriage, divorce, births, deaths or significant changes in assets often require updates. ... an ex-spouse or deceased relative as a beneficiary, or refers to property you ...

8. Here are 7 things you should leave out of your will in the US ...

   www.aol.com/finance/7-things-leave-us-really...

   And you can make changes to that trust at any time so that if your child divorces right before you pass away, you can simply remove their ex-spouse as a trust beneficiary. 6. Accounts that don't ...

9. How life insurance payouts work - AOL

   www.aol.com/finance/life-insurance-payouts...

   One of the most important elements of the life insurance application process is the designation of a primary beneficiary or beneficiaries. This can be a single person or multiple persons, or it ...