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The Importance of Naming a Beneficiary | Funeral Pre-Planner, Kat Downey
While $4,500 may not seem like a lot of money to pay in taxes; for the thousands of people I have assisted over the years, not one person has shared with me that they would like to pay more tax than is necessary to the government! Hence the importance of checking your beneficiary designations on your life insurances, investments accounts or trust funds to ensure that these designations are still appropriately reflecting your wishes.