Many people who have engaged in estate planning understand that beneficiary designations play an invaluable. Despite this, the value of beneficiary designations is overlooked by some people. After signing estate planning documents, it is critical to make sure that your beneficiary designations are consistent with the rest of your estate plan. Otherwise, the possibility arises that the intent expressed in your will or other estate planning tools might override beneficiary designations.
The purpose of this article is to review some of the other critical issues that everyone should consider when it comes to beneficiary designations and the potential complications that can arise.
# 1 – Be Wary of Naming Spouses as Beneficiaries
The post How Beneficiary Designations Can Complicate Your Estate Plan appeared first on New York Estate Planning Lawyer Blog.