Important Year End Estate Planning Task
Make sure your beneficiary designations are up to date and accurate.
- Check that the person or persons listed on all accounts that have beneficiary designations are the people you intend them to be.
- Make sure that the percentages given to these individuals are how you want them.
- Understand the type of designation you are making and what happens if one of your beneficiaries passes away before you do.
- Lastly, make sure that the beneficiaries on all of your accounts are coordinated properly with your wishes and other estate planning documentation.