It is vital to any successful estate plan to clearly designate and update beneficiaries, for assets passing outside the Will. Failure to review and coordinate beneficiary designations for life insurance policies, 401(K) plans, IRA accounts and other holdings could result in distribution of your estate in conflict with the provisions of your Will. Of course, it is just as important to maintain these declarations as situations change.
Ensuring all your assets are distributed according to your wishes requires a full and comprehensive estate plan reaching beyond the Will itself. The process can be complicated and mistakes can be devastating, pulling family and loved ones into lengthy and costly litigation, as well as subjecting them to unnecessary taxes.
The attorneys Keene & Sparks, LLP have extensive experience and knowledge in building a solid estate plan. Keene & Sparks, LLP can evaluate your holdings and wishes regarding their dispersal and advise you of the best available options to achieve those results. With a knowledgeable law office on your side, a comprehensive estate plan can be implemented ensuring your estate is administered as you desire.
Contact us to learn more about Beneficiary Designation.