I read your statement with great interest because I was looking for a situation similar to mine. Your scenario seems completely logical, ethical and predictable. My situation is slightly different. I, as a power of attorney, want to create P.O.D. beneficiaries to bank accounts where no such designations currently exist. I wanted to add this POD exactly the same as the beneficiaries of the Will. Investment accounts currently have TOD's matching the Will. There are 4 beneficiaries, my nephew, my niece, my sister, and myself. Here's the rub. I have been a beneficiary many years longer than I have been a power of attorney. Because I was named power of attorney 8 yrs. ago, I now cannot make designations which make all accounts uniform. The reason given - A power of attorney cannot be one of the beneficiaries, even if the Will states it so. How can this be fixed?
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I like that you said that having insurance means peace of mind for yourself having your belongings covered. My dad was thinking if he should get auto insurance for his classic car sitting in the garage. I'm going to suggest to him about going in and checking for any savings he might get.
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1/30/2022 01:32:32 am
Can you please expand on why Sun Life and Thrivent received dishonorable mention? I'm doing some research on both companies and would like to hear why you gave them that rating. Thanks!
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2/2/2023 08:25:27 am
Investment Management Services (IMS) is an umbrella term used to describe the various activities undertaken by financial institutions to manage their client's investments. Investment Management Services is not just about managing assets but also includes risk management, compliance, legal, tax, and regulatory issues.
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3/11/2023 07:26:14 am
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7/20/2023 10:41:41 pm
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8/6/2023 11:49:53 am
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8/9/2023 06:08:07 am
Within the clamor of daily activities, the importance of nature is frequently overlooked, even though our continued existence is fundamentally reliant on the preservation of a thriving green ecosystem.
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AuthorHi, I am Mihir Shah working with insurance company as insurance adviser owing good knowledge of various policies such as Retirement pension plan, life insurance, investment plan, life insurance calculator and so on. Categories
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