Mistakes when you change your Will

There is a big mistake and oversight many people make when they change their wills. If you have life insurance policies, brokerage and retirement accounts, checking and savings accounts, etc. wherein you filled out that company’s beneficiary clause designation, your later will change will not affect how the monies in those accounts will be distributed. For example, if in your original will you desired to leave everything to your multiple children in equal shares and then later you changed your mind and decided to leave it to only one of the children, then if you do not change the designations in those accounts those companies will not distribute your estate according to the desires expressed in your changed will. To avoid this problem, you may want to change your designations to be paid to your estate as opposed to named individuals. 

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