Avoid Probate When Naming Beneficiaries Of Retirement Accounts and Life Insurance Policies
Who You Choose Can Have Important Ramifications. Loren M. Lopin, Trusts & Estates, P.C. Typically, a married person names their spouse as the beneficiary of their retirement account (401(k), IRA, 403(b) etc.) or life insurance policy. Children are often named as the contingent beneficiaries. If a person is single but has children, that person’s children …
