Beneficiary
Explore what a beneficiary is in estate planning, how to designate one, and their crucial role in securing asset distribution.
How often should beneficiaries be reviewed in an estate plan?
Beneficiaries in an estate plan may be reviewed periodically, especially after major life events such as marriage, divorce, birth of a child, or financial changes. Keeping beneficiary designations current helps ensure that assets are distributed according to current wishes and circumstances. Reviewing these designations can help avoid unintended allocations and maintain alignment with one's overall financial and estate planning strategies. Regular reviews can provide peace of mind that the estate plan remains relevant and effective in meeting family needs.
