Small Firm Service | Large Firm Sophistication Over 70 Years of Combined Legal Experience

Fairfield County Beneficiary Designation Attorneys

Protecting Your Assets & Beneficiaries from Risk

A beneficiary designation is an agreement between your estate and a financial institution to pay out specific assets upon your death to a named trust or individual. For example, your life insurance policy may have your spouse or child named to receive the payout when you pass away. Coordinating your beneficiary designations with your estate planning documents is essential to plan properly and to protect your beneficiaries from unnecessary risk. At the Law Offices of Charles L. Kurmay, we can help you to make initial beneficiary designations or review and change past designations.

The most common types of beneficiary designation assets include:

  • Employer-sponsored plans/IRAs
  • RMD/IRA conduit trusts
  • Non-qualified annuities/life insurance
  • POD accounts

    In order to determine whether one or more of these tools are right for your situation and estate planning goals, you should meet with a Fairfield County beneficiary designation attorney. We can ensure you are informed about your options, as well as how to avoid potential pitfalls and complications.

    To begin, call us at (203) 896-8882 for a consultation. We serve clients in Fairfield County and the surrounding areas.

    Avoiding Potential Pitfalls with Beneficiary Designation Assets

    Beneficiary designation assets or accounts, like other estate planning tools, should be used in conjunction with other facets of your estate plan. When they are properly drafted and prepared by an estate planning lawyer, there is less room for mistakes. However, there are occasions where simple mistakes or oversights can result in your estate plan being disrupted.

    A few common mistakes include:

    • Failing to name specific beneficiaries
    • Failure to name contingent beneficiaries
    • Designating a beneficiary that will become ineligible for benefits
    • Failure to review your complete estate plan after important events
    • Failure to ensure beneficiary designations are not in conflict

      Contact an Estate Planning Lawyer Today

      The most effective way to take advantage of these tools is to seek representation. Working with an experienced attorney can make a difference in how thorough and personalized your estate plan is. At the Law Offices of Charles L. Kurmay, we have seven decades of combined experience guiding our clients through the complex estate planning process. Fortunately, we understand the many facets of estate planning, including how beneficiary designation assets can benefit your estate. Let us help you take the right steps to avoid extra taxes and expenses and to ensure that your assets end up in the intended hands.

      To discuss your needs, contact us at (203) 896-8882.

      Why Choose the Law Offices of Charles L. Kurmay?

      Your Future Depends On It!
      1. Over 70 Years of Combined Legal Experience
      2. Former Public Defenders and Judicial Law Clerks
      3. Thousands of Cases Successfully Handled
      4. Personalized One-on-One Attention
      5. Well-Respected in the Legal Community
      6. Committed to Fighting for Your Rights
      • Please enter your name.
      • This isn't a valid email address.
        Please enter your email address.
      • This isn't a valid phone number.
        Please enter your phone number.
        You entered an invalid number.
      • Please select an option.
      • Please enter a message.