On May 27, 2025, the Wealth Actually podcast interviewed Larry Mandelker on Gene Hackman’s estate planning and the importance of proper implementation, document review, and fiduciary roles in the planning process.
Mandelker explained “You want to make sure that you’ve implemented your plan. For example, if you have a revocable trust to avoid probate, the assets must be held in the trust. You actually have to retitle your assets if you want to update your beneficiary designations on your retirement accounts or on life insurance policies. It’s not enough to just say you want to do it. You have to actually fill out the forms. You have to send them in."
"You should also follow up with the insurance company and get written confirmation that you’ve done it correctly," Mandelker adds.
Click here to access the podcast.