Even a well-drafted estate plan can be undermined by outdated account designations.
Questions to organize
- Review primary and contingent beneficiaries.
- Compare beneficiary designations with wills and trusts.
- Check account ownership and transfer-on-death instructions.
- Document digital assets and access procedures.
- Ask qualified legal and tax counsel about unintended consequences.
Use the information carefully
Financial, insurance, tax and estate decisions depend on individual circumstances and current law. Use this article to prepare questions, then seek appropriately licensed and qualified advice.