Would you rather decide or have a judge decide? If you'd rather decide and avoid probate, set up a revocable living trust and In this short video, we address why it is not a good idea to name a minor child as a beneficiary on beneficiary designation forms. In this next video of my #intrustwithnicole series find out why you should NOT name your minor child as beneficiary of your 401(k)
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It's possible to name a minor as your primary beneficiary, depending on your insurance company. But there may be some legal implications.