According to a 2008 Investment News survey, 80% of beneficiary forms are either blank, outdated, or not properly completed on the following financial accounts:

• Individual Retirement Accounts (IRAs)

• Defined Benefit Pension Plans

• Insurance Policies

When was the last time you reviewed (and updated, if necessary) the beneficiaries of your various financial accounts?  If you haven’t reviewed them within the past year, it’s time for a check-up.  Here are just a few of the common types of documents and accounts that may fall into a category of concern:

• Life Insurance Policies

• Money Market Accounts

• IRAs

• Pension Benefits

• Savings Accounts

• Certificates of Deposit

Without regular financial check-ups, a simple oversight could have devastating effects.