Advice on Beneficiary Designations

Having the right beneficiary designations on your individual assets can be of the utmost importance in estate planning. In some cases, the majority of a person's assets permit beneficiary designations, such as life insurance policies, retirement accounts, Transfer on Death Deeds for real estate, Pay on Death arrangements at banks, and Transfer on Death arrangements at brokerage firms. Anyone with such assets needs to be aware of how the designations they have made will impact their overall planning. We provide clients with advice on how best to use beneficiary designations to achieve their goals, and we help to change the designations if necessary.