06/11/2026
Your will says one thing. Your beneficiary designations may say something else entirely, and under Minnesota law, the designations win.
A beneficiary designation on a retirement account, life insurance policy, or bank account takes legal precedence over whatever your will says. That means an outdated designation from a previous marriage, a changed relationship, or simply a form that was never updated can send assets to the wrong person regardless of your current intentions. Reviewing beneficiary designations regularly, and any time your family situation changes, is one of the most important and most overlooked steps in keeping an estate plan current.
For guidance on reviewing and updating your estate plan, contact Managing Partner Mark Tebelius at [email protected].
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