Your investment account’s transfer process after death depends on how you’ve set it up – from quick transfers with proper ...

Ms. Kaufman offers the example of a parent with two children who names one as beneficiary of the RRSP and the other as ...

Many assets pass by beneficiary designation — which is the ability to fill out a form with the financial company holding the asset and name who will inherit the asset upon your death.

Designations are made by assigning a percentage of assets to the beneficiary or successor using a form that is entirely separate from your will or living trust. Designations come in several forms ...

Most consumers are familiar with the beneficiary designation form they complete when opening an IRA or 401(k). The form designates who receives the asset if the account owner dies. Yet ...

Many other financial products have beneficiary designations, as well, such as: A primary beneficiary is your first choice to receive an asset. You may also be asked to name a contingent ...

So regardless of what your trust says, the two do not correlate unless you actually named the trust as a beneficiary of that 401(k)." Anspach advises to look at your designations on an annual ...

Once designated, it is recommended to review your beneficiary designations each year to ensure no changes are needed. To make it easier for you, below is a list of those places. You can update your ...

401(k) beneficiary designation supersedes will instructions; maintain accurate listings. Federal law defaults your spouse as 401(k) beneficiary; written consent needed for changes. Annual review ...