Minor Children and IRA/401Ks Beneficiary Designations: Dangers and Concerns
As a parent, one of the most difficult issues that I have had to deal with is what would happen to our young child should anything happen to my wife and I. No one likes to contemplate their own mortality or the idea of not being there to watch their children grow up. Unfortunately, mortality is inescapable, and proper planning is essential. Often people think that once they have their Will done everything will be settled. This is rarely the case.