No. Beneficiary designations control how these assets are transferred upon death. Wills do not play a role here. This is a serious mistake many people make, particularly when second marriages and two families are involved, when your spouse
is not a parent of your children, or when you want a special allocation that is not pro rata, such as leaving more to one child than another.
There are many other aspects to a good estate plan, but it is important to make sure your retirement and annuity bequests match your wishes.
Contact H2R CPA at 412-391-2920 or email@example.com for more information or to receive a complimentary Estate Planning consultation.