Helpful Articles

How should you list beneficiaries on your financial accounts?

When I’m talking with my clients about how often to review their estate planning documents, I always recommend they review all financial accounts; how they are titled and who are the listed beneficiaries.  A good habit to get into is to do an annual review. I personally like to do mine at the beginning of each year, but it really does not matter at what point in the year you do it. 


The most overlooked financial consideration can be keeping current with the named beneficiaries.  Commonly known as the “pay on death” or “Transfer Upon Death” designation, the named beneficiaries on financial instruments are essential.  When you or a family member dies, this alone can be the biggest help, or detriment, for your spouse or executor of your estate....

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About the Author
Lauren Jackson
Posted - 06/17/2020 | Illinois