Protecting the people nearest and dearest to us is something we all want to do. It’s why we purchase health and life insurance, save diligently for retirement, and ensure important legal documents (like a will or trust) are in place. Yet, all too often, even the most well-meaning among us forget to update beneficiary designations.
Forgetting to update beneficiary designations, especially following a significant life change like a divorce or loss of a spouse, can result in your assets going to an unintended beneficiary if you should die unexpectedly.
As our personal and financial lives grow more complex over time, it can be challenging to stay on top of beneficiary updates for retirement accounts, trust accounts, insurance, and other assets—especially accounts at a former employer, like an old 401(k). That's where a financial professional can help. By working with you to keep your beneficiary designations updated over the years, together we can help to assure a smooth transfer of your assets to those you care about most. Please don't hesitate to reach out if you'd like to discuss this topic further.
This communication is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.