Why You Should Not Name Your Children (and Maybe Not Even Young Adult Children) as Direct or Contingent Beneficiaries on Life Insurance IRAs and Other Accounts

Written by: Wills, Trusts, & Estate Administration You wonder if you read that correctly, don’t you?  It probably seems like a no-brainer, naming your spouse as primary beneficiary and your children as secondary or contingent beneficiary on life insurance policies, IRAs, annuities and similar items.  After all, in doing so, the assets (eg, life insurance