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Financial Planning / Inheritance Strategies
|Subject: Will bequest vs. account beneficiary designation||Date: 3/13/2012 4:42 PM|
|Author: RBMunkin||Number: 5602 of 5768|
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?
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