Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
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|Matrimonial Attorneys Should Follow the Bouncing Ball of Beneficiary Designations (PDF)|
Andrew L. Oringer and Albert Feuer, via Tax Management Compensation Planning Journal
Mar. 10, 2015
10 pages. "The point of this article ... is to identify ... the risks and potentially disastrous consequences of a failure to attend to beneficiary designations ... The issues here are exacerbated by the fact that, by the time [they] become apparent, the participant is generally, by hypothesis, deceased and therefore not present or otherwise able to correct the situation....This Article will review the Court's approach in [Kennedy v. DuPont Sav. and Inv. Plan], consider the potential reach and breadth of the issue and discuss the approach taken in various post-Kennedy cases.... [S]imple but critical steps relating to identifying the intent of the parties and conforming the applicable beneficiary designations to that intent will be identified."
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