The Tyra Law Firm, LLC

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What If You Fail to Name a Beneficiary?

March 8, 2021
NWT Owner/Admin

New parents contemplating their estate plan

What happens if you fail to name a beneficiary on your 401K account? or your investment account? or your life insurance policy? In true legal logic, the answer is “it depends”. Most often, the financial institution that holds the fund’s assets has determined a default beneficiary in accordance with the agreement you signed when you opened the account. But in some cases, the agreement may be silent on the issue. This Read More

Filed Under: Beneficiary

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