The following assets can usually avoid probate if you name a beneficiary for that asset:

• IRAs
• 401Ks, 403Bs, 457
• Pension Accounts
• Life Insurance Policy
• Annuities
• Bank Accounts (Money Market, Certificate of Deposit, Checking, Savings)
• Investment Accounts

In fact, you should also name a secondary beneficiary for each asset in case your primary beneficiary per-deceases you.

To Name or Change a Beneficiary

Contact the company, bank or financial institution that holds your asset and tell them you want to name a beneficiary; or that you want to change your beneficiary.  The company will send you a form to complete, or they may request an in-person meeting to verify your identity.  In either case, simply follow the instruction provided by the company.