Kidnapper James DiMaggio left the grandmother of the kidnapped teenager as his sole beneficiary on his life insurance. This was another strange twist in the murders and kidnapping DiMaggio committed on his best friend’s family.
Regardless of your Will or Trust, who you name as the beneficiary on your Life Insurance, IRA or Company Retirement Plan, will receive the Death Benefits of that policy when you die. Many people are bad to leave their ex-spouse as their beneficiary. Make sure you name the person or persons that you want as the beneficiary, so that the insurance proceeds go where you want.
At the Law Firm of Steven Andrew Jackson, Attorney and Counsellor at Law, we have helped hundreds of families protect themselves and their loved ones, avoid Estate Taxes and Probate Costs, and keep their Estate Plans current with the law through The Customized Protective Estate Planning Solution™.