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The importance of designating beneficiaries

You may be missing an essential part of your account: your beneficiary designations.

Log in to your account to add or review your beneficiaries.

Without beneficiaries:

Your estate may go through a probate process to determine how your assets are distributed.

Your intentions for your estate might go unknown.

You may cause hardship for your heirs as they try to resolve your intentions or wait for your estate.

Additionally, incomplete or outdated beneficiaries could also cause challenges for your estate and result in your designations not matching your will or trust. This could make resolving your estate problematic for surviving heirs or result in your true intentions not being carried out.

Take time to complete or review your beneficiary designations
By updating your account and ensuring that your beneficiaries are accurate and complete, you are protecting your interests and your loved ones. Ideally, your will or trust and your beneficiary designations will work together to accomplish your goals for your estate.

Log in to your account to add or review your beneficiaries.
Once a year and after any major life event, take the time to review your beneficiaries and update them if necessary.