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This is general information only which is intended to provide you with insights into legal issues and developments in those areas of practice provided by this law firm. It should be noted that this information does not constitute and should not be relied upon as legal advice for any specific situation since these articles are often prepared by non-licensed attorneys, may be outdated, and may be based upon laws from states other than Wisconsin. You are encouraged to speak with a qualified legal advisor about any specific legal concerns.

What is an irrevocable beneficiary?

Many people choose to purchase life insurance to ensure that after they pass away their loved ones are provided for. This is possible because when you purchase a life insurance policy you are able to choose your beneficiary (or beneficiaries). But often, there are rules surrounding who can receive your death benefit and the type of access they have to the payout.

Contingent Beneficiaries

If you have recently drawn up your will, or opened a new life insurance or retirement account, you may have come across the phrase “contingent beneficiary”. What is a contingent beneficiary and why does it matter? It sounds complicated — but it’s not. Read on, and we will break down exactly what it means — and how it can impact your estate plans

5 Reasons to add beneficiaries to your investment accounts now

Losing a loved one isn’t just an emotional burden — it also carries an administrative load. There are flower arrangements to pick, eulogies to write and a stream of paperwork to sort through. You can reduce that load for your own heirs by communicating your preferences about your assets clearly. Part of that means adding […]

Important Notice: All material provided on the Blog page, whether in connection with formal legal representation or not, are intended for general informational purposes only since materials may be provided by individuals who are not licensed attorneys, be untimely given changes in the law, or based upon law from jurisdictions outside of Wisconsin. The services of a competent professional should be sought for any specific legal needs. Use of the information on this website does not create or constitute an attorney-client relationship with any attorney on this website or other source providing this item or information.