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June 2019 Archives

Taking out disability insurance is key to protecting your assets

If you work a full-time job in Middlesex, then you likely receive annual visits from a New Jersey insurance representative. They probably ask if you wish to make changes to your coverage or beneficiary designations. They probably offer you long-term disability insurance. It's an important way to protect your assets and a critical part of the estate planning process.

Transfer of your assets to your spouse post-death isn't automatic

Many New Jersey spouses who have assets such as retirement plans, life insurance policies and investment accounts often list their husband or wife as the beneficiary on them. While there's no problem in doing that, it's important that spouses have contingency plans in place for how to handle those same assets if one were to pre-decease the other.

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