KFB Wealth Group

One of the most important parts of your estate plan isn’t in your will.

It’s your beneficiary designations.

Accounts like retirement plans, life insurance policies, and bank accounts will pass directly to the person or multiple people listed as beneficiary, avoiding probate completely.

That means it is critical to make sure your beneficiaries are complete and up to date.
• An outdated beneficiary can override your current wishes
• Major life changes (marriage, kids, divorce) should trigger a review
• This is often one of the easiest updates with the biggest impact

Other assets like vehicles and homes can also have a direct beneficiary listed, making the transfer process quick and easy.

It’s a small detail, but one that can completely change how things play out for your family. It is worth a quick review to make sure your beneficiaries are up to date.