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Beneficiary Designations: Essential Practices
Colonial Surety Company 
Aug. 30, 2024 "Encourage participants to review and update their beneficiary designations regularly, particularly following major life events such as marriage, the birth of a child, or a divorce.... Ensure that all beneficiary designations are complete and legible.... Clearly communicate the plan's default provisions for distributing assets if no valid beneficiary designation exists. ... Clearly outline how divorce impacts beneficiary designations." MORE >> |
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