Episode 40: Reviewing Your Beneficiaries

May 19, 2023

Now that tax season is behind us, this is a great time to review your legal documents and name or update your beneficiary list. On this episode of Wright Monday Tips, Isaac Wright, CFP®, ChFC® and Ricky Lafon, MBA, CFP®, RICP®, WMCP®, discuss the importance of family preparedness and what you should consider when reviewing your beneficiaries.

Here are just a handful of the things that we'll discuss:

  • The importance of naming beneficiaries.
  • What happens if there are no beneficiaries listed.
  • Why you should alert each beneficiary of being named on an account.
  • Why it’s important to have updated contact information on file.
  • Recommendations on how often you should update your beneficiary list.
  • How beneficiaries work on your accounts relative to a Will or a Trust.


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