Ensure your assets go directly to your chosen family.
Your estate plan in Illinois may include several documents—wills, trusts, and powers of attorney—but many assets don’t pass through probate at all. Accounts like 401(k)s, IRAs, pensions, and life insurance policies allow you to name beneficiaries who will receive those funds directly when you pass away.
Because beneficiary designations override what’s written in your will or trust, choosing and updating them is one of the most important steps you can take to protect the people you care about.
A beneficiary designation is your written instruction naming the person—or sometimes an organization—who will receive a specific asset when you pass away. These designations apply to:
At Chosen Estate Planning, we review your beneficiary designations alongside to make sure every part of your estate plan works together. Schedule your Complimentary Discovery Call.
