Beneficiary designations may sound simple, but can actually be quite complex, especially when you start thinking of all the different possible scenarios:

* Are you sure your money will go where you want it to?

* When was the last time you looked at the beneficiary designations on all your accounts?

* How can naming beneficiaries help you make your heirs’ lives easier after you pass?

* If your beneficiary designations and your Will don’t match, who gets the money?

* Should you name your estate as the beneficiary?

* Are your beneficiaries emotionally and financially ready to get the money all at once?

* If your spouse dies, how important is it for you to claim their retirement accounts?

* What about taxes?

* Have you unknowingly disinherited your grandkids? Have you implemented per stirpes language to ensure this doesn’t happen?