Bernetich, Hatzell, & Pascu, LLC.

Designation of Beneficiary of Life Insurance and Retirement Accounts

It is very important that the beneficiary designations of your retirement accounts and life insurance policies be coordinated with your overall estate plan. These assets will pass to the designated beneficiary on file with the company regardless of the terms of your will. This can be especially complex when dealing with retirement accounts because the income tax consequences must also be considered in conjunction with the estate tax consequences.