To help you fill out the form, you may review guide G00059 Examples of Beneficiary Designations. Consult legal assistance if the guide does not apply to your situation. For legal assistance concerning ...

Most consumers are familiar with the beneficiary designation form they complete when opening an IRA or 401(k). The form designates who receives the asset if the account owner dies. Yet ...

Designations are made by assigning a percentage of assets to the beneficiary or successor using a form that is entirely separate from your will or living trust. Designations come in several forms ...

Many assets pass by beneficiary designation — which is the ability to fill out a form with the financial company holding the asset and name who will inherit the asset upon your death.

Learn what a life insurance irrevocable beneficiary is, who you can designate as one and if it’s the right option for you and ...

Choosing a beneficiary for a 401(k) requires careful consideration of factors like age and financial literacy. Beneficiaries should be informed of their designation and understand the tax ...

Most individuals own assets that will pass upon the death of that individual pursuant to a beneficiary designation. In fact, in many instances, these types of assets make up a large portion of an ...

The simplest oversights can cause the biggest problems for heirs, especially those intended to inherit retirement accounts. Over the years, I’ve seen a number of court cases in which the logical ...

So regardless of what your trust says, the two do not correlate unless you actually named the trust as a beneficiary of that ...

But when you choose an irrevocable beneficiary, you make a firm decision. This designation means the beneficiary’s rights are locked in, and they cannot be removed or changed without their consent.