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Posts tagged "insurance policy disclaimer"

Passing On Property Interest, Insurance Payouts

Under the New Jersey Probate Code, the primary beneficiary of a family member's insurance policy is allowed to disclaim that payout, deferring it to the secondary beneficiary. In fact, this can be done with many different forms of property interest, says Ronald Garutti, a New Jersey financial planner quoted in a recent "Biz Brain" column for The Star-Ledger.