Bautis Financial
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It’s a common misconception that your will controls all of your assets. In reality, accounts like 401(k)s, IRAs, and life insurance policies are governed by beneficiary designations – not your will.
These basic components create an effective estate plan, preserving the value of your assets and ensuring your desired legacy is carried out.
Although beneficiary designations are not required, neglecting to name a beneficiary could result in your hard-earned assets entering the probate process. Here's what you need to know about primary vs contingent and per capita vs per stirpes beneficiaries.
