Money Minute: The importance of beneficiary designations

Beneficiary designations are extremely important when it comes to your finances, as designations take priority over a will or a trust. Here's what you need to know.

Beneficiary designations are extremely important when it comes to your finances, as designations take priority over a will or a trust. Here’s what you need to know.

Learn more in the video report above.

More reading on this

Forbes: 7 ways that beneficiary designations can mess up your estate plan

CNBC: Out-of-date beneficiary designations are a common and costly mistake

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About the Author:

Rod Meloni is an Emmy Award-winning Business Editor on Local 4 News and a Certified Financial Planner™ Professional.