Why Your Beneficiary Designations Matter | Gainline Financial Partners

When was the last time you reviewed your beneficiary designations? Your will doesn't have the final word on who inherits your retirement accounts, life insurance, or investment accounts. Your beneficiary designations do. In this video, Emily Bandoni, CFP®, Director and Wealth Advisor at Gainline Financial Partners, explains what a beneficiary designation is and why it overrides your will, which accounts they apply to, and when it's time to review yours. In this video: Why beneficiary designations can override your will The accounts they apply to: retirement accounts, life insurance, and investment accounts Life events that may trigger a change: marriage, divorce, birth or adoption, medical diagnosis or death in the family or assigned beneficiaries The difference between primary, contingent, and per stirpes beneficiaries Why you should check your beneficiaries every year and after every major life event Questions about your own beneficiaries? Reach our team at team@gainlinefp.com or 720.548.4391. #EstatePlanning #BeneficiaryDesignations #GainlineFinancialPartners #wealthmanagement ------------------------------------------------------------------------------------------ Disclosure Investment advisory services offered through Gainline Financial Partner, LLC a Registered Investment Advisor with the U.S. Securities and Exchange Commission. This material is intended for informational purposes only. It should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney or tax advisor. The information contained may have been compiled from third-party sources and is believed to be reliable.