Ep66 | Why Your Beneficiary Forms May Override Your Will

What happens to your money when you pass away? Most people assume their will controls everything. It does not.In this episode, Ray Godleski breaks down why beneficiary designations are often the most important, and most overlooked, part of an estate plan. One outdated form can send money to the wrong person, trigger unnecessary taxes, delay transfers for months, or accidentally disinherit someone you intended to protect.You'll learn:Why beneficiary forms often override your will and what that means for your estate planThe six most common beneficiary mistakes families make and how to avoid themWhen naming a trust as a beneficiary makes sense and when it creates a costly tax trapWhy trust tax brackets are punitive and how compressed they really are compared to individual ratesA simple checklist to review your beneficiary designations before it is too lateIf you're within a few years of retirement and want clarity around your retirement plan, book a complimentary consultation to build a strategy tailored to you:Book a Consultation: https://app.greminders.com/e/9bfdfdf70740f21a2e1cec4140dd884dd4ef6365Tune in to make sure your estate plan actually works the way you intended.🎙 Follow the show on Apple Podcasts: https://podcasts.apple.com/us/podcast/executive-retirement-compass-financial-planning-to/id1796392113📧 [email protected] welcome. Real answers given.Explore our free tools and resources at: www.YourNextStepFinancial.com