An Overlooked Aspect of Estate Planning
Did You Know?
Facts: Your Retirement Beneficiary Form on file with the custodian takes precedence over the provisions in your will or living trust. If there is no beneficiary designation on file with the custodian, the default beneficiary is the retirement custodian’s agreement, not your wishes.
Action Plan: If you want to ensure that your retirement assets pass to your desired heirs, you should review both your primary and contingent beneficiaries on all your retirement plans annually or sooner if circumstances in your life change.
If you would like to review your Beneficiary Designation forms on file with your custodian or have questions, please contact your ACM Wealth Advisor.
Advisors Capital Management, LLC is an investment advisor registered with the United States Securities and Exchange Commission. Registration does not imply any degree of skill or training. All investing carries risk, including the potential for the loss of principal and past performance is no guarantee of future results. This content is for informational purposes only, can change at any time without notice, and is not investment advice or a recommendation to trade any security. Indices are not available for direct investment. We only provide services in jurisdictions where we are registered. Our disclosure brochure (ADV Part 2A) and customer relationship summary (ADV Part 3) are available at https://adviserinfo.sec.gov and upon request.
