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5 Beneficiary Designation Mistakes That Can Wreck Your Estate Plan
You spent thousands on an estate plan. You signed the will. You funded the trust. And none of it may matter because a beneficiary form you filled out 15 years ago when you started a new job could override everything.
Beneficiary designations on retirement accounts, life insurance policies, and payable-on-death bank accounts are legally binding contracts. They operate entirely outside your will and trust. When these forms are outdated, incomplete, or misaligned with the rest of your plan, the result can be assets going to an ex-spouse, a child being accidentally disinherited, or a six-figure…
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