Dissipation of Life Insurance or Annuity Death Benefits

Cordell, David M.; Tombs, Joseph W.
January 2008
Journal of Financial Planning;Jan2008, Vol. 21 Issue 1, p34
Academic Journal
The article provides information for financial advisers on how to set up the best possible life insurance or annuity death benefits package for their clients. Provided is information about effective estate planning, dissipation risk, beneficiary designations, and the characteristics of beneficiaries that are compulsive spenders. Article topics include contingent beneficiaries and enabling the client to appoint a fiduciary to manage and disburse funds to the beneficiary with the goal of providing long-term financial support, rather than temporary enrichment.


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