Protect Your Priorities: The Beneficiary Checkup
This month, take a moment to review and update the beneficiaries on your financial accounts. Here’s why it matters:
- Beneficiaries are the individuals you’ve chosen to receive your assets after you pass away.
- You likely named beneficiaries when opening investment accounts or purchasing insurance policies.
- Life changes such as marriage, separation, divorce, or having children may necessitate updates.
- Even without major life events, an annual review ensures your choices still align with your wishes.
Don’t let outdated beneficiary designations derail your legacy plans. Take a few minutes this month to review and update your beneficiaries, ensuring your assets will be distributed according to your current intentions.
Remember: A quick check now can prevent potential complications for your loved ones later.