The most common beneficiary designation mistakes are: (1) not updating after divorce or remarriage, (2) naming your estate instead of individuals, (3) not coordinating with your trust, (4) forgetting to name contingent beneficiaries, and (5) using per stirpes vs per capita incorrectly.
This answer is provided for general informational purposes only and does not constitute financial advice. Every family’s situation is different. For personalized guidance, schedule a free consultation with our team.
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