Have you Updated your Beneficiaries?

Make sure all of your bank or investment accounts have up-to-date beneficiaries or if you have the accounts in living trust then make sure your accounts have the correct designated beneficiaries in your living trust and that all accounts are in the living trust.

Watch the video to understand the importance of making sure your beneficiaries are up-to-date.

The main reasons you want to make sure your beneficiaries are up-to-date is that is eliminates confusion and you will be confident that your assets will go to who you want them to go to.

By designating a beneficiary on all of your accounts, you will ensure that your chosen beneficiary will inherit your retirement benefit. It saves time. If you pass away and have not named a beneficiary your funds and assets may not go to your actual beneficiaries or delay the transfer of the funds in their accounts.

Contact us for more information about your wealth management and planning.