In a follow on post to our original Why Choose Your Bene’s Carefully post AND for our own reference – we frequently end up having to go search up this terminology just to make 100% sure we are correct when completing beneficiary information … Here are two hand crafted pictures that should get the job done when choosing Beneficiaries..
Oh… and a precursor to our in depth Newsletter Article coming soon…
Per Stirpes and Pro Rata
In a picture is worth 1000 words spirit…
And here is Pro Rata
It will be interesting to see just how many times we view this in the future for a refresher!
Have a Great “Correct Beneficiary” Day!
John A. Kvale CFA, CFP