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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as legal advice for any specific situation since these articles are often prepared by non-licensed attorneys, may be outdated, and may be based upon laws from states other than Wisconsin.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.
6 Times You Need to Update Your Will
3 Tips For Navigating Estate Planning With Loved Ones
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.