Beneficiary Designations

Beneficiary designations are instructions you provide for who will receive your assets—like money from a life insurance policy, retirement accounts, or bank accounts—once you pass away. By naming beneficiaries, you ensure your chosen individuals receive these assets directly, bypassing the probate process. It's important to keep these designations updated, especially after major life events such as marriage, divorce, or the birth of children, as they take precedence over wills. Properly managing your beneficiary designations helps ensure your wishes are honored and provides for those you care about.