If you have outdated beneficiary designations, remember that your WILL does not supercede the beneficiary designations. For example, if you provide in your WILL that your nephew Jimmy Johnson is to receive everything BUT the beneficiary on your $300,000 IRA is your uncle Jerry Jones, under law, your uncle Jerry Jones has the right to receive that $300,000 when you pass away – even if that is not at all what you wanted!
Beneficiary Designation > Will
