Assets with Beneficiary Designation Avoid Probate
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…
