Beneficiary Designations
Ensure Your Assets Go to the Right People
Beneficiary designations are a critical part of any estate plan, yet they are often overlooked. These designations specify who will receive assets such as retirement accounts, life insurance policies, and payable-on-death accounts when you pass away. Importantly, assets with beneficiary designations bypass probate, allowing your loved ones to receive them more quickly and with less hassle.
At Monument Estate Planning, we help you review and update your beneficiary designations to ensure they are aligned with your overall estate plan. Many people forget to update these designations after major life events such as marriage, divorce, or the birth of a child, which can lead to unintended outcomes. Our team ensures that your beneficiary designations reflect your current wishes and protect your loved ones as intended.
FAQs
Here are some of the most common questions we get about our estate planning services. However, every situation is unique, and the best way to ensure your specific needs are addressed is to speak directly with our attorney. For personalized legal advice tailored to your circumstances, don’t hesitate to contact us today!
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Why are beneficiary designations important?
Beneficiary designations allow specific assets to be transferred directly to your named beneficiaries, bypassing probate and reducing delays. They ensure your loved ones receive what you intended.
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Do beneficiary designations override a will?
Yes, beneficiary designations generally take precedence over a will. If your designations differ from your will, the designated beneficiaries will receive those assets.
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How often should I update my beneficiary designations?
You should review and update your beneficiary designations regularly, especially after major life changes such as marriage, divorce, the birth of a child, or changes in your financial situation.
Ready to Protect Your Future?
At Monument Estate Planning, we’re here to guide you through every step of the estate planning process. Whether you need help with wills, trusts, or probate, our personalized services ensure your family and assets are secure. Schedule your consultation today and take the first step toward peace of mind for you and your loved ones.
ADDRESS
Monument, Colorado, United States
PHONE
Monument Estate Planning
This website is provided solely for general information and should not be construed as legal advice. Content may be specific to Colorado where Ms. Paul is licensed. Accessing the information on this website or sending emails or other communications to the Firm does not establish an attorney-client relationship. Such a relationship is formed only when both the attorney and client sign an engagement agreement that outlines the representation's scope and the fees, which must be agreed upon and paid to the Firm. Choosing an attorney is a significant decision and should be based on independent research and assessment.
