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What are Beneficiary Designations?
We work with you to ensure that your beneficiary designations are in order at Chatuge Elder Law. Here are some facts about beneficiary designations:
Fact: A wide range of assets have the option for designated beneficiaries.
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It is often possible to designate to whom you wish your assets to pass for a wide variety of assets, including, but not limited to, life insurance policies, retirement accounts, stock holdings, and even bank accounts.
Fact: Improperly done beneficiary designations can lead to estate complications down the line.
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Improperly done or poorly coordinated beneficiary designations can lead to tragic consequences for your estate.
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For example, if your beneficiary designations are not aligned with your wishes in your will, there is the possibility of estate litigation.
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