Pension+
Mar 11, 2022 ·
56m
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Description
- Does a beneficiary designation override a will?
Yes. The beneficiary named on an account — a 401(k), IRA, life insurance policy, annuity, or transfer-on-death registration — supersedes whatever your will says. The custodian holding the asset pays the person on the beneficiary form, and absent a court order they will not read your will. That's why estate readiness means checking all four buckets: assets controlled by your will, by beneficiary designations, by joint ownership, and by trusts — and reviewing them after every major life event: marriage, divorce, birth, death, remarriage, inheritance, or retirement.
Information
| Author | Seth Krussman & Ben Brayshaw |
| Organization | Seth Krussman & Ben Brayshaw |
| Website | - |
| Tags |
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