By failing to update designated beneficiaries, ex-wives may end up receiving assets if an annuity account owner dies, regardless of stipulations found in other documents such as wills.
Estimated reading time: 0 minutes, 18 seconds
Advisors should be vigilant in helping clients avoid common beneficiary pitfalls, including failing to update beneficiary designations after a client divorces or remarries. So reports insurancenewsnet.