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Estate Administration a to Z Presented by Darlene Payne Smith Form

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Estate Administration a to Z Presented by Darlene Payne Smith Form

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welcome to Frank Bruno la I am Frank Bruno I'm an elder law and estate planning attorney in New York today I'm continuing with my estate planning basics series this is 2.5 beneficiary designations before I get to that and then I mentioned my website if you'd like to reach out to me if you have any questions please go to call Frank Bruno comm or check out the website Frank Bruno law comm beneficiary designations so if you have an insurance policy many people will be familiar with the with what a beneficiary is right that's a contract between the person that owns the life insurance policy and the life insurance company that upon their death the beneficiary will receive the proceeds of the policy that's a primary beneficiary it's also referred to as a designated beneficiary you can also name a secondary beneficiary so upon my death everything goes to John Smith if John Smith is not alive if you've named the designated I'm sor

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