Mike takes a look into the world of beneficiaries and answers some common questions:

* What takes priority: what your Will says or how beneficiaries are named in the various contracts?

* Per stirpes: what is it and how does it keep your assets in your family?

(for more information on per stirpes, read this Blog post.

* How can you make sure your in-laws get what you expect?

* What are some accounts that have beneficiaries?

* Is it possible to name a charity or other non-profit as beneficiary? Is that a good idea?

For more reading on beneficiaries, check out Ron Blue’s book Splitting Heirs.