Estate planning·Wills

When should I update my beneficiaries?

Update your beneficiaries after any major life change, such as marriage, divorce, a birth, or the death of someone you've named. These designations on retirement accounts, life insurance, and bank accounts override your will, so an outdated one can send money to the wrong person, like an ex-spouse. It's worth a quick check every couple of years. Updating them usually takes just a simple form.

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