July, 2014

Beneficiary Designations on Financial Accounts Trump Your Last Will & Testament

By Jackson Law Group
July 8th, 2014

Posted in Asset Protection,Probate & Trust Administration,Wills, Trusts & Estate Planning

In a previous blog, (click for link), we posted about the importance of asset titling in estate planning and briefly described how beneficiary designation forms may implicate your personal plan.  Beneficiary designations are intended to be a straightforward method for heirs to circumvent the probate process and receive funds in a timely manner.  Beneficiary designations are found in many of your accounts, including retirement accounts, life insurance policies, bank accounts, stocks, certificates of deposits, bonds, mutual funds, and annuity contracts. 
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