When you name a beneficiary for your assets, you expect your wishes to be clear and your money or property to go where you want. But it’s not always that simple. Many people make mistakes with beneficiary designations that can leave assets stuck, delayed, or even lost. These errors can create headaches for your loved ones and sometimes cost them money. If you want to avoid leaving your family in a tough spot, it’s important to know what can go wrong. Here are six common beneficiary mistakes that can leave your assets in limbo—and what you can do to avoid them.
