Summary Many people think having a will keeps their family out of probate, but that’s not how it works in Florida. A will must still go through probate—it simply provides instructions to the court. Without proper planning, families often face delays, costs, and stress during an already difficult time. Tools like trusts, beneficiary designations, and […]
Tag: second marriage estate planning
Second Marriage Estate Planning Trap: When Federal Law Overrides Your Beneficiary Designation
Summary Federal law may require a 401(k) to pass to a spouse even if children are named as beneficiaries. This article explains how ERISA rules can override beneficiary designations and why blended families should carefully review retirement account planning. One issue that often surprises families involves retirement accounts, particularly 401(k) plans. A recent situation that […]