Beneficiary Designations Control the Money!
Beneficiary designation forms control the payment of money from IRA’s, 401(k)’s and insurance policies. These assets are controlled by your contract with the plan or company and not by your will, unless you have named your estate as the beneficiary. Many beneficiary forms are filled out early in life when you may have designated your parent or sibling as beneficiary. Please take the time to check the beneficiaries named in your IRA’s, 401(k)’s or life insurance policies to be sure your money goes to the people you would designate today.