A will is an important part of your estate planning, but it’s not the whole picture.
Beneficiary designations are written into law. That means whatever is listed on those accounts will take precedence, regardless of what your will says. This can create unintended outcomes if those designations are outdated or not aligned with your overall estate plan.
At Liberty One, we recommend reviewing your beneficiaries regularly to ensure everything is current and aligned with your intentions. Don’t forget to include old 401k accounts in this review.
Making sure your beneficiary designations and TOD instructions are up to date is a simple step that can help ensure your assets are distributed the way you intend.
Have a question or want help understanding your options? Contact us today to schedule a complimentary Q&A with one of our team members.
