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@imanhussein36: #مساء_الخير

آيـ༈ۖ҉ـمـ༈ۖ҉ـآنـ༈ۖ҉ـ♡
آيـ༈ۖ҉ـمـ༈ۖ҉ـآنـ༈ۖ҉ـ♡
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Thursday 28 November 2024 17:54:56 GMT
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Never name your kids as the direct beneficiaries of your life insurance policy. Here's why: Minor children can't legally receive a death benefit payout. As a result, the money must go through probate, where a judge appoints a guardian to manage the funds. The remaining balance is then handed over to your child when they turn 18, potentially all at once. Instead, consider setting up a living trust and naming it as the beneficiary. This approach allows you to control how the money is used and distributed, ensuring it meets your wishes and safeguards your child's financial future. Comment
Never name your kids as the direct beneficiaries of your life insurance policy. Here's why: Minor children can't legally receive a death benefit payout. As a result, the money must go through probate, where a judge appoints a guardian to manage the funds. The remaining balance is then handed over to your child when they turn 18, potentially all at once. Instead, consider setting up a living trust and naming it as the beneficiary. This approach allows you to control how the money is used and distributed, ensuring it meets your wishes and safeguards your child's financial future. Comment "trust" for my comprehensive Living Trust Guide and access to my masterclass. Comment "life" for a free life insurance consultation. #EstatePlanning #LifeInsurance #LivingTrust #FinancialPlanning #Probate #MinorBeneficiary #Trusts #WealthManagement #FinancialSecurity #LegacyPlanning

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