Paul Durso’s recent column, entitled “The Importance of Beneficiary Designations” has been published by The Boston Globe. Below is a excerpt from his column:
“Which is more important: having a will put together or properly filling out your beneficiary forms?
If I came to your home and asked you to show me a copy of your will, would you be able to? Most of you could probably show me the actual document or at least a secured copy that you keep locked away in a filing cabinet or fireproof safe. Now, what if I asked you to show me the beneficiary forms for your IRAs, 401(k) or other retirement accounts? Chances are, you’ve not paid as close of attention to your beneficiary forms as you have your will.”
To read the full column, please visit Boston.com here.