Wills vs Beneficiary Designations


A will is a very important document. It is how your wishes are carried out relating to who or where (possible charity) your assets will be distributed. You may have spent a considerable amount of time and money to get what you think is an “iron clad” will.

But maybe not!

Most families are not aware that their wills DO NOT have the final say concerning assets held in retirement accounts, like your 401(k) or individual retirement accounts (IRA’s).

The individual(s) you have placed as the “beneficiary” on these accounts will be the recipient no matter what your will may say.

If your life situation has changed since you first set up beneficiary designations, it is extremely important to check and see if those listed are still your first choice.

In North Carolina, we offer a free review of your legal documents (wills, POA’s, advanced directives) as well as investment and insurance beneficiaries designation accounts.

Contact: rick@carolinaestatecounsel.com

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