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First Week As A Surviving Spouse

Should I change my beneficiary designations right away?

Short answer

Yes — but thoughtfully, not in a panic. Your spouse was likely named as beneficiary on your life insurance, retirement accounts, and bank accounts. Update these when you have had time to think clearly about who you want to name. Do not…

What this usually means

Yes — but thoughtfully, not in a panic. Your spouse was likely named as beneficiary on your life insurance, retirement accounts, and bank accounts. Update these when you have had time to think clearly about who you want to name. Do not leave them blank — an account with no beneficiary may go through probate at your death.

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