Fact or Fiction: Beneficiary Designations Trump Your Will

Fact or Fiction: Beneficiary Designations Trump Your Will

Most life insurance policies and retirement accounts allow (and even encourage) the account owners to designate a beneficiary.  The designated beneficiary becomes the owner of the account upon the death of the original owner. In many instances, these are some of the largest assets that are passed on to the next generation.  So, what happens when a will indicates a different beneficiary than the paperwork for the account/policy? 

Read More