Perhaps you drafted your will years ago and it references many of your existing assets, including retirement plan accounts and life insurance policies. But you also have paperwork on file with the applicable financial institutions. And you might have recently modified your beneficiary designations on those financial documents to reflect certain life events, such as births, deaths and divorces, but failed to make the updates to your will.
Perhaps you drafted your will years ago and it references many of your existing assets, including retirement plan accounts and life insurance policies. But you also have paperwork on file with the applicable financial institutions. And you might have recently modified your beneficiary designations on those financial documents to reflect certain life events, such as births, deaths and divorces, but failed to make the updates to your will.