I hate death, I hate talking about death, the whole point of living is not dying. Yet, when it comes to setting things rights, I’ve done the best I can in terms of drafting a will and keep beneficiary forms up to date.
As an ERISA attorney, I’ve seen too many fights, too many skirmishes and too many children hurt, just because someone passed away and didn’t set the beneficiaries right. Nothing stays the same forever, subsequent marriages and children can change everything.
Money changes everything and the people you originally intended to leave it for, may not share with the people you now intend to leave it for. That’s why that you should set things right, by keeping your beneficiary forms updated.