23-12-2025 01:57 via chicagodefender.com

Matters of Life and Death: Make Your List and Check It Twice

By Jehan Crump-Gibson, Contributing ColumnistSome of the biggest mistakes people make concern beneficiary designations. Either someone forgets to name a beneficiary on an account or forgets to update a beneficiary on an account. These mistakes result in a one-way ticket to probate court or in some cases, your money passing on against your wishes.A beneficiary is a person or entity that receives a benefit from something. Common examples of that “something” include trusts, wills, life
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