It’s the “Respond Law Report” with Chris Olszak. Today, Chris is discussing beneficiary designations in the will. Part of the reason for a beneficiary designation is to have wealth transfer when a person passes away, allowing the beneficiary to defer the income tax and why some clients forget about the non-probation designation. Also, he will explain changes in situations such as divorce, life insurance updates, second or third marriages or pre-nautipaul agreements and the impact on the beneficiary designation. Your hosts of Preferred Company are Joel Markel and Fran Holinda. Listen to Preferred Company every weekday from 8 to 10 a.m. on Beach Radio 1160 and 1310 and 9 to 10 a.m. on 1450 WCTC. You can listen anytime by enabling the Preferred Company skill. Just say “Alexa, open Preferred Company”!
Preferred Company 6-19-20: Chris Olszak