Update beneficiary designations on insurance, retirement plans, and other accounts

Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Death of a Life Partner
Military Life

Most people already own a number of financial assets such as checking, life insurance and retirement accounts before they marry. Each of these accounts has a named owner and often a beneficiary to receive the proceeds if the owner were to die. After marriage, you will want to ensure that your account ownership and beneficiary designations are in keeping with your wishes.

The following resources may assist you in understanding why you should update your beneficiary designations on insurance, retirement plans, and other accounts:

Estate Planning: The Basics

Inheritance Rights

Blending Two Lives Tasks

1. Creating a joint spending plan
2. Building shared credit access and usage
3. Managing dual careers
4. Protecting your income with life insurance
5. Estate planning

Estate planning Subtasks

1. Update beneficiary designations on insurance
2. Write new wills and advance directive documents


NAPFA Consumer Education Foundation
8700 W. Bryn Mawr Ave., Suite 700N
Chicago, IL 60631
(847) 483–5400 ext. 106