Keep your beneficiary designations up to date

Make sure you update your beneficiary designations on all IRAs, 401K’s, insurance policies and any other assets that have a transfer on death designation. It’s always free and takes just a few minutes.

I just completed a probate of a very large insurance policy where the father named the wife as primary but never designated his children as the contigient beneficiaries. The wife predeceased the husband, and when the husband finally passed away the kids had to go through an 8 month probate to get the funds.