When you die, who inherits your property and assets? Your spouse? Your children? What if you have no living relatives? The answer to this question may depend on the beneficiary form you have in place. A beneficiary form is a document that designates individuals or organizations who will receive your assets after your death. Reviewing your beneficiary form and ensuring that it reflects your wishes is an important part of estate planning. If you do not have a beneficiary form in place, or if your current form does not reflect your wishes, it is time to create or update one. This article provides an overview of beneficiary forms and their benefits. Let's take a closer look at this important estate planning tool.
|Form Name||Beneficiary Form|
|Form Length||2 pages|
|Avg. time to fill out||30 sec|
|Other names||Recordkeeping, BENEDESRKPFL, beneficiary form, insurance policy beneficiary template|