Beneficiary Form Cautions

The Hook Law Center has a good explanation of the issues involved with beneficiary designations.  Many financial accounts allow you to name a beneficiary who will receive the assets directly without going through probate.  Keep this in mind when preparing a will because beneficiary designations supersede the terms of a will.

What kind of accounts commonly request that you name a beneficiary?

  • IRAs
  • 401(k) – or similar accounts
  • Pension plans
  • Life insurance policies
  • Annuities

Please read the article for more details.

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