Is Your Beneficiary and Trusted Contact Information Up to Date?

Life changes, and so should your beneficiary designations and Trusted Contact designation

Please take advantage of our Complimentary Beneficiary and Trusted Contact Review to gain peace of mind knowing your loved ones are protected and your assets are aligned with your intentions.

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Take advantage of our beneficiary and trusted contact review to gain peace of mind knowing your loved ones are protected and your assets are aligned with your intentions.

Why is a Beneficiary and trusted contact review Important?

Prevent Unintended Consequences
Outdated designations could mean your assets go to the wrong person or are tied up in legal disputes.

Ensure Accuracy
Verify that your beneficiaries match your current goals, whether for retirement accounts, life insurance policies, or estate plans.

Adapt to Life Changes
Major life events—such as a marriage, divorce, or the birth of a grandchild—can necessitate updates to your beneficiaries.

Stay Compliant
Ensure your designations align with current laws and avoid potential tax issues for your heirs.

What’s Included in the Review?

  1. A thorough review of your existing beneficiary designations.
  2. Expert recommendations tailored to your personal and financial goals.
  3. Guidance on avoiding common beneficiary pitfalls
  4. Answers to your questions about wills, trusts, and estate planning strategies.

How It Works

  1. Schedule Your Review
    Book your complimentary session at a time that’s convenient for you.
  2. Bring Your Documents
    Gather details of your accounts, policies, and any estate plans for a complete review.
  3.  Get Personalized Advice
    Receive expert guidance and actionable recommendations, all tailored to your unique needs.

Who Should Consider a Beneficiary Review?

  1. Individuals with retirement accounts, life insurance policies, or estate plans.
  2. . Anyone who has experienced significant life changes (ex. welcoming a new family member, starting a new job, moving to a new home, second marriage, going through a divorce, retiring, or experiencing the loss of a loved one, etc.).
  3. Those looking to protect their legacy and avoid family disputes.

Cover All Accounts & Assets

     Review your:
  • Employer-Sponsored Retirement Accounts (401k, 403b, etc.)
  • Former Employer Accounts
  • Bank Accounts & Savings Accounts
  • Life Insurance Policies
  • Investment Accounts
  • Real Estate Holdings
  • Automobiles & Vehicles
  • Other Personal Property

Trusted contacts are individuals you designate with your financial institution to act as a point of contact if there are concerns about your account activity, your well-being, or your ability to manage your finances. They don’t have authority to make transactions or access your account, but they can be consulted in specific situations to help protect your interests.

What is a Trusted Contact?

  • Definition:
    A person authorized by you, named on your financial accounts, who your financial advisor or institution can contact under certain circumstances.
  • Access:
    They don’t have control over your account or see balances or transactions.
  • Purpose:
    To address potential financial exploitation, diminished capacity, or other emergencies.

    • Why Should You Have a Trusted Contact?

    1. Protection from Fraud or Exploitation:
    - Trusted contacts can be a safeguard against financial scams, especially for older individuals or those in vulnerable situations
    2. Support During Emergencies:
    - If you become incapacitated or unreachable, your financial institution can reach out to your trusted contact for guidance.
    3. Diminished Capacity Concerns:
    - In cases where your financial institution suspects you may be struggling to manage your finances, a trusted contact can provide context or assistance.
    4. Added Layer of Security:
    - It provides peace of mind knowing someone you trust can be contacted if anything seems amiss with your account.

    How to Choose a Trusted Contact

  • Someone You Trust:
    Typically a close family member, friend, or professional advisor.
  • Financial Awareness:
    Ideally, someone who understands your financial situation or has your best interests in mind.
  • Communication Skills:
    Someone who is easy to reach and reliable in responding.

    • How to Add a Trusted Contact

  • Contact your financial institution or advisor.
  • Fill out the necessary paperwork or update your account online.
  • Provide basic information such as the contact’s name, relationship to you, and their phone number and/or email.
  • Having a trusted contact is a proactive step toward ensuring your financial security, particularly as life circumstances change.

    • Don’t Leave Your Legacy to Chance

    Your financial future is too important to leave to outdated documents or assumptions. With our Complimentary Beneficiary Review, you can rest assured that your loved ones will be cared for, exactly as you intended.

    Schedule Your Free Review Today!

    Start Securing Your Future Today

    A&M Financial Group, INC

    Advisory Services offered through AMFG Wealth Management LLC, a Registered Investment Advisor