Whether it’s an insurance policy you bought years ago, the 401(k) you signed up for on your first day at work, or the IRA you’ve been nurturing for decades, these assets were created to protect your financial future and the well-being of your loved ones. But are your beneficiary designations still aligned with your current life circumstances?
Life events like divorce, remarriage, or even a child’s marriage can significantly impact how you want your assets distributed. If you haven’t reviewed your designations recently, there’s a chance they no longer reflect your wishes. The last thing you want is for your hard-earned assets to be transferred to an unintended recipient due to outdated beneficiary designations.
We understand that updating your designations can be one of those tasks you plan to get to someday. But delaying could have serious consequences. At Duncan Legal, we encourage you to review your beneficiary designations now. It’s a small task that can make a big difference in ensuring your assets go exactly where you want them to go when the time comes.
