Estate Beneficiaries

A lot of people name their estate as the beneficiary of their life insurance policy. Don't! This is a good way to keep your money away from your spouse, your partner, or your children. They'll get what's left after it goes through probate and creditors take their chunks of your estate.

Instead, name specific loved ones as the beneficiaries. Upon your death they get the money right away, exempt from probate and creditors. That's what you had in mind to begin with!