Management

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Ensuring a Legacy of Wealth

When Harris’ stepmother died, his father could not find information about prepaid burial arrangements, nor did he know where she kept information about retirement accounts or other assets. When a family member suggested he contact his late wife’s employer, Harris’ father was stunned to learn that she had a 401(k) retirement account and a $100,000 life insurance policy that he was entitled to. “The insurance company doesn’t reach out to you,” Harris says. When someone dies, if you are the beneficiary of an insurance policy or other sum of money, it’s up to you to file a claim to receive your benefits.

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