The Motley Fool Discussion Boards

Previous Page

Financial Planning / Inheritance Strategies


Subject:  Will bequest vs. account beneficiary designation Date:  3/13/2012  4:42 PM
Author:  RBMunkin Number:  5602 of 5798


I just want to make sure I have this right if anyone here knows for sure.

If I have a beneficiary designation on my brokerage accounts leaving most to my wife but a small percentage to a charity, and on my will I leave everything to my wife, I believe the account beneficiary designation will rule, right? The charity will still get their percentage. My will simply gives everything else that does not have a specific designation (residual estate I think this is called) to my wife.

I'm using Willmaker software and want it as simple as possible.

Is this correct?
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us