A 529 plan, named after Section 529 of the Internal Revenue Code, is a tax-advantaged savings plan designed to encourage saving for future education costs. This plan is typically set up by parents, ...

Divorce does not automatically change who will inherit your 401k. Make sure you know the rules and update your plans.

Aasiya Z. Hassan took out a $450,000 life insurance policy in 2006, listing her two children and her three siblings as the beneficiaries. But a few months before she was slain, a change of beneficiary ...

Changing the beneficiary of a 401(k) plan can involve specific requirements, particularly when it comes to spousal consent. In many cases, to protect your spouse's financial interests, you need ...

Making sure affairs are in order and checking in from time to time is key when it comes to protecting loved ones. Ensuring your beneficiary information is updated is one way to help your loved ones ...

Forbes contributors publish independent expert analyses and insights. Christine Fletcher writes about managing trusts and estates. This article is more than 6 years old. Beneficiary designations are a ...

My husband recently died. I filled out the form on the insurance company’s website to report a claim. My husband never updated his beneficiary form to my name – the beneficiary is one of his sisters.

The 529 Plan is a tax-advantaged savings plan designed to encourage saving for future education costs. The beneficiary of the plan is the individual designated to use the funds for educational ...