Have you updated your Beneficiary Designations lately? You might not remember opening your bank account, but when you did you likely filled out a beneficiary designation form. This form is used to list who you want to be the beneficiary of your bank account at your death. Do you remember whom you selected?
It is a good idea to double-check your beneficiary designation. Make sure the person listed is still the person who you want to inherit your property. This applies to bank accounts as well as life insurance, IRA’s or retirement accounts.