Beneficiary Review: Case Study

Estate planning is a huge part of the financial planning process. "What if you die?" is a morbid but necessary question. Where do you want your assets to go? Beneficiaries make the financial transfer of assets as painless as possible and all it takes it filling out a name on a form yet we find this section often goes overlooked. If there is no beneficiary placed on an account, then the assets will go through probate and could be taxed unnecessarily. Estate planning is more than just filling in your beneficiaries, but it is a great place to start! Don't forget to check your beneficiaries on all of your accounts and if you aren't sure if you can add one, just call whoever your money is with and ask. Let us know if you have any questions: [email protected]