Transcript:
00:00:03 – 00:01:12
This is a very common question. Often people think that the beneficiary designation will not supersede the will. Like you create a will and then basically whoever you put on beneficiary will not be the person who gets it. But it’s exact opposite actually. The beneficiary on a 401k on a life insurance policy on an IRA is what prevails. It doesn’t even matter what you put in your will. Whatever the beneficiary is on that account is who will get these assets. So, it’s even more important to check
00:00:37 – 00:00:56
those beneficiary designations often to make sure it’s the right people so that we don’t give it to people that you don’t want it to go to.
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