Beneficiary Review

Ensure every retirement account, insurance policy, and bank account is aligned with your current wishes — because beneficiary designations override your will.

14 action items~15 min to complete3 sections

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completed

📋 Full Account Inventory',✅ Verify & Update Designations 🔄 Keep It Current

Overall progress0 of 21 items

📋

Full Account Inventory',

0/5 completed

List every retirement account: 401(k), 403(b), IRA, SEP-IRA, SIMPLE IRA, pensionKey

List all life insurance policies (employer-provided and personal)Key

List bank accounts, brokerage accounts, and CDs — check for POD/TOD designationsAction

List any annuities with named beneficiaries

Note any accounts that currently have no beneficiary designationWatch out

✅

Verify & Update Designations

0/12 completed

Pull beneficiary information directly from each account custodian (not from memory)Key

Check for outdated designations: ex-spouses, deceased individuals, or removed family membersWatch out

Add a contingent (secondary) beneficiary to every accountKey

Consider naming a trust as beneficiary for minor children (not a child under 18 directly)Action

Verify beneficiary percentages add up to 100% on each account

Pull beneficiary info from custodiansAction

Check for outdated designationsWatch out

Add contingent secondary beneficiariesAction

Consider trust as minor beneficiaryKey

Verify beneficiary percentages sum to 100%Action

Review beneficiary designations for tax efficiencyAction

Confirm beneficiary contact informationAction

🔄

Keep It Current

0/4 completed

Trigger a full beneficiary review after every major life eventKey

Schedule a routine annual review — even if nothing has changedAction

Document your beneficiary designations in your estate planning records

Confirm the process for updating beneficiaries at each institution (online vs. form)