Retirement plan beneficiary designations are not governed by a will. For retirement plan participants changed circumstances can affect those beneficiary designations. Those changed circumstances could be a divorce, remarriage, birth or death of a loved one, or even a pre-nuptial agreement. Make sure that when you consider reviewing your will or trust you also look at the beneficiary designations you have made. They may be out of date. If you are the process of getting a divorce it is especially important to consider changing your will and beneficiary designations in case disaster would strike before the divorce is final.
William Wombacher, your Central Illinois Certified Elder Law Attorney (CELA) and Social Security Disability Specialist. I’ll help you! http://www.wombacherlaw.com
Serving Peoria, East Peoria, Peoria Heights, Pekin, Dunlap, Chillicothe, Morton, Washington, Metamora, Canton, Galesburg, Lacon, Henry, Bloomington, Normal and surrounding cites and counties of Peoria, Tazewell, Woodford, Fulton and Knox Counties in Central Illinois.
