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Do you know who your beneficiaries are and when was the last time you reviewed them?
Beneficiary designations are an important part of your overall estate plan. Retirement accounts, life insurance policies, and annuities generally pass directly to the beneficiaries on file, which means outdated designations can have unintended consequences.
Major life events such as marriage, divorce, the birth of a child or grandchild, or the death of a loved one are all good reasons to review your beneficiaries.
Keeping your beneficiary designations current is a simple but important part of making sure your assets ultimately pass according to your wishes.
