What happens when you die and don’t have a beneficiary listed?

💰 FINANCIAL ACCOUNTS 💰  What happens when you die and don’t have a beneficiary listed?

 

Your retirement account, investments, etc… Let’s say you forgot to list a beneficiary on one of those accounts.

 

It happens quite often. 

 

Many times to will go to your estate, if you have a will then your account will go there and be distributed in how your will directs your funds to go. 

👉 However, IF YOU HAVE NO WILL, then “estate succession” will kick in and the state will decide where the money will go. And it typically goes to your spouse and kids but not necessarily in the percentages you would have chosen.

William Wombacher, your Central Illinois Certified Elder Law Attorney (CELA) and Social Security Disability Specialist. I’ll help you!
Call me at 309-674-8125, visit at www.wombacherlaw.com

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Serving Peoria, East Peoria, Peoria Heights, Pekin, Dunlap, Chillicothe, Morton, Washington, Metamora, Canton, Galesburg, Lacon, Henry, Bloomington, Normal and surrounding cities and counties of Peoria, Tazewell, Woodford, Fulton and Knox Counties in Central Illinois. 

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The Law Office of William C. Wombacher

Local: 309-674-8125
Toll Free: 888-365-0852
Fax: 309-674-8149

Commerce Bank Building
416 Main Street Suite 700
Peoria, IL 61602
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