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Designate beneficiaries for your loved one's financial accounts.


What You Should Know

It’s important to make sure that beneficiaries are correctly designated for bank, investment, insurance, retirement and other accounts, because these documents will override your loved one's will. If beneficiaries are not properly designated, a court may decide who gets those funds after your loved one passes.

Steps To Take

  • Make a list of all your loved one's financial accounts.
  • Have a talk with them about whom they want to designate as beneficiaries
  • Make sure beneficiaries are properly designated for each account (you can usually do this online).
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