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Drew Blankenship

8 Beneficiary Mistakes That Override Your Will

beneficiary mistakes

Most people think that their will serves as the final word on who will inherit their money and other assets. But that’s not how the law really works. In reality, beneficiary mistakes on financial accounts can completely override your will, no matter what it says or when you wrote it. Retirement accounts, life insurance policies, and even bank accounts follow beneficiary designations first, and courts almost always honor those documents over a will. Here are eight mistakes that could override your will completely.

1. Naming a Beneficiary and Never Updating It

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