Article in Alaska Journal

Here is the link: http://www.alaskajournal.com/stories/041009/mon_money004.shtml

I see that alot in my practice. Someone will come in with their will or trust and believe that everything, including the life insurance, will just go to the heirs. Wrong. If you have an older life insurance policy, the beneficiary may very well not be the current primary heir of the will or trust. While a divorce decree will automatically cut out the spouse as beneficiary, the back-up person(s) may not be what was intended. Once he or she dies, however, intend is irrelevent to the language of the policy. Review review review all life insurance, retirement account and other beneficiary type policies to make sure they conform to your wishes.