What Happens If You Rely on Beneficiary Designations Alone to Transfer Your Assets?

June 26, 2018

Are you concerned about what will happen to your assets after you pass away? If so, you may be ahead of the curve of many people who have not even contemplated the benefits of estate planning. However, updating your beneficiary designations alone, doesn’t always mean that you are fully covered with regards to protecting how these get transferred. estate-planning-bene-forms

Assets that are transferred at death via appropriately completed beneficiary designations affect many different types of assets. All of your documents should be updated with your underlined goals in mind which means addressing not just the beneficiary designation forms but also all of your other legal documents, including your power of attorney, healthcare proxy and existing trusts.

There is no doubt that divorce represents a significant upheaval of everything you have come to know, however, an estate planning attorney can help you navigate these complexities and ensure that you have a plan to address all of the relevant issues linked to ending your marriage.

In addition to your beneficiary forms, keep on track with all of your goals for your estate planning in general, including updating your will and your trusts.

 


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

Q4 2025 Market Outlook: What Investors Should Know Now

Discover key insights on economic trends, interest rates, inflation, and market opportunities for Q4 2025. Learn what investors can focus on amidst mixed signals. As we enter the final quarter of 2025, the ...

<p>The post Q4 2025 Market Outlook: What Investors Should Know Now first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

How the IRS’s Use of AI Could Improve Tax Efficiency—and What It Means for You

The IRS is deploying AI tools like Salesforce Agentforce to streamline compliance and appeals. Here’s what high-net-worth individuals, business owners, and legacy-minded families should understand—and how to plan accordingly. The IRS Goes High-Tech: What You Should Know Earlier ...

<p>The post How the IRS’s Use of AI Could Improve Tax Efficiency—and What It Means for You first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Finding Strength in Stillness: Why Patience is the Investor’s Greatest Tool

In an age of noise and market hype, patience and disciplined investing offer clarity and strength. Learn how tuning out the chaos helps build long-term wealth. “You have power over your mind—not ...

<p>The post Finding Strength in Stillness: Why Patience is the Investor’s Greatest Tool first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>